Question: 1 7 . Which is the following is TRUE?A ) Sales tax paid on equipment acquired for use in the business is not capitalized.B )

17 .

Which is the following is TRUE?A

)

Sales tax paid on equipment acquired for use in the business is not capitalized.B

)

Both land and land improvements are considered to have an indefinite life.C

)

The initial valuation of a natural resource includes the present value of the expected cost of land restoration, which is known as the asset retirement obligations

(

ARO

) .

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