1. When assets are given up to acquire a productive asset (property, plant, and equipment), the general rule of accounting for the acquisition of a productive asset is to record the asset acquired at r a. the historical cost of assets surrendered to acquire the productive asset r b. the fair value of assets surrendered to acquire the productive asset c. the present value of the assets surrendered to acquire the productive asset r d. the sum of the future cash flows given up to acquire the productive asset 2. Wesplex Corp. aceuired a machine by issuing a $275,000, 9% note payable in two years. Wesolex normally pays 12% interest on notes of this kind. Wewlex, should record the machine acquired at a. $275,000 b. the present value of $275,000, discounted at 9% c. the present value of $275,000, discounted at 12% c. d. the present value of $275,000 plus interest paid at 9%, discounted at 12% 3. The historical of an asset that is self censtructed does not include a. direct materials b. direct labor c. interest incurred during construction d. the cost that would be incurred to purchase the asset 4. Research and development costs are a. reported as assets in the balance sheet b. reported as expenses in the income statement r c. reported as intangibles in the balance sheet d. reported as losses in the income statement 5. Whas of the thiswirg is at exanole of an undunitatie neapplie acser a. geosuil r a a traamas t e orpariation couta f a aputart. minnemby mexs a thw? nosprimi, + 4 gum an aceir nwognast en ewharyn of memovelary asse. at r th hititinal est ewiat r a. dipwever r. amertarion r co depredisen r . tow elocitan f caris of suedt f a. wh-weweynan ayst. eesult to the awe the atsel of the asset valut of Vie asset avotph for r. clioeves is the form ar putanes