16. The capitalized cost of land excludes:

		A) Property taxes for the first year owned.
		B) Title insurance paid at the time of purchase.
		C) The purchase price of the land.
		D) Real estate commissions associated with the sale.

17. "The three factors in cost allocation of a depreciable asset are service life, allocation base, and allocation method."

True

False

18. Which of the following typically refers to the process of allocating the cost of long-term intangible assets used in the business over future periods?

		A) Depletion.
		B) Impairment.
		C) Amortization.
		D) Depreciation.

19. "The initial cost of property, plant, and equipment includes all the identifiable expenditures necessary to bring the asset to its desired condition and location for use."

True

False