21. value: 2.00 points. Depreciation, in accounting, is a process that results in: O depreciable assets being reported in the balance sheet at their fair value! O spreading the cost of an asset over ts useful life to the enty O an accurate measurement of the economic usefulness of an asset. O accumulating cash for the replacement of the asset. O Type here to search 22. 200 2.00 points Which of the following accounting concepts/principles is most significant in the development of a capitalization policy? O Matching of revenue and expense. O Original Cost. O Materiality O Consistency O Type here to search Moped, Inc. purchased machinery at a cost of $44,000 on the double-declining balance method. January 1, 2017The expected useful lfesSyears andthe asset s expected to hove saage v.eofuoo Mpeddeprem What is the firm's depreciation expense for the year ended December 31, 2017? $17600 O $8.800 O $12.000 O $4,000 O Type here to search 5 4 3 2 24.0 2.00 points Which of the following statements concerning repair and maintenance expendituress ing repair expenditures is true? O Maintenance expenditures that extend the useful ie and O For income tax purposes, most taxpayers would prefer to and/or increase the salvage value of on asset should be capitalized and deprecianed over the asset's remaning usefu e the i in the year it is incurred capitalize an expenditure and depreciate the asset over time rether than espensing the expendture and deducting the entire anount O Routine repair costs and preventive maintenance expenditures are capitalized as assets in the period in which they are incured O All repeir and maintenance expendtures are accounted for as expenses in the year in which they are incumed O Type here to search 6 5 4 3 2