1. Which of the following may not form part of property, plant and equipment's directly attributable costs? a. Installation and assembly costs. b. Handling costs. c. Testing costs. d. Maintenance costs. 2. Which of the following should be expensed outright instead of capitalizing as part of the property, plant and equipment's cost? a. Advertising costs. b. Relocation cost as part of the company's operation. c. Cost of opening new facility. d. All options should be expensed outright. 3. A donated plant asset for which the fair value has been determined and for which directly attributable costs have been incurred is reported at? a. Zero or nominal amount. b. Fair value. c. Directly attributable costs incurred. d. Fair value plus directly attributable costs incurred. 4. Which of the following is capitalizable to land account? a. Escrow fees. b. Unpaid taxes up to date of acquisition assumed by the buyer. c. Land survey costs. d. All options are chargeable to land. 5. Costs of fence and sidewalks are? a. Capitalizable as cost of land. b. Capitalizable as cost of land improvements. c. Capitalizable as cost of building. d. Reported in profit or loss. 6. Which of the following would be a part of a building that is acquired through construction? a. Unpaid taxes up to date of acquisition. b. Payments to tenants to induce them to vacate the building. c. Excavation costs. d. Legal fees relevant in purchasing a building. 7. All of the following are part of cost of machinery, except: a. Cost of water consumed by employees in the office. b. Insurance while in transit on a purchase transaction. c. Installation cost. d. Cost of safety rail and platform surrounding machine