11) What procedure is used to ensure financial reports abide to GAAP principles? A) an examination. C) a review. B) an audit. D) a confirmation. 12) Which of the following would NOT be considered part of the cost of a new long-term asset? A) Repairs and maintenance after start-up B) Packaging for delivery C) Repairs and maintenance after the asset is in operation D) Transportation and insurance costs to get the asset to the purchaser 13) What is the best method for depreciating items a vehicle? A) straight-line method. B) single-declining balance method. C) units-of-production method. D) double-declining method