14. Which of the fo A) Land. B) Land improvements. C) Buildings. D) Machinery and equipment. E) Patent. llowing is not classified as plant assets? 15. Depletion is A) An increase in the value of a natural resource when incurred. B) Calculated using the double-declining balance method. C) Also called amortization D) The process of allocating the cost of natural resources to the period when it is consumed. E) The process of allocating the cost of intangibles to periods when they are used. 16. Gross pay is: A) Take-home pay B) Total compensation earned by an employee before any deductions. C) Salaries after taxes are deducted D) Deductions withheld by an employer E) The amount of the paycheck. 17. The employer should record deductions from employee pay as: A) Employee receivables. B) Payr taxes. C) Current liabilities. D) Wages payable. E) Employee payables. 18. FICA taxes include A) Social Security and Medicare taxes. B) Charitable giving. C) Employec state income tax. D) Federal and state unemployment taxes. E) Employee federal income tax. 19. Contingent labilities must be recorded if A) The amount owed cannot be reasonably estimated. B) The future event is remote. C) The future event is reasonably possible but not estimable. D) The future event is probable and the amount owed can be reasonably estimated. E) The future event is probable but not estimable