20) Which of the following aet caegries would inclode the cont od clearing land and removing uw d bildings? B machinery and epaipment Oland (12 unds an Aoqaisition of land Surveys and legal fees Land clearing Jooones upuag 10009 adeuln pur uy What amount should be recorded as the cost of the land in the company's books 00992s () 00l'Ies (a 22) 22) Danube Company purchased a used machine for $12.000. The machine required installaion co of 53000 and insurance while in transit of $1500. At which of the following amounts would the machine be recorded? 00STIS (V D) $12,000 0059IS ( 000'sis O 23) Anderson Company has purchased a group of assets for $23,800. The assets and their relative market values are listed below. pur Equipment loozes 10001 Sluypping Which of the following amounts would be debited to the Land account?(Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) B) S6188 D) S4046 99S'EIS () 24) Freeman Company owns a delivery truck. Which of the following costs, associated with the truck will be capitalized and depreciated? A) normal engine repair C) replacement of tires pmodification for new use D) oil change and lubrication 25) Which of the following requires businesses to record depreciation? A) going concem principle C) revenue recognition principle 8 matching principle D) cost principle 26) Which of the following depreciation methods allocate a varying amount of depreciation to expense each year based on an asset's usage? A) the straight-line method C) the double-declining-balance method (96) B) the units-of-production method D) the annuity method