24.

Which of the following is true?

Group of answer choices

Both statements are true

Both statement are false

Ordinary repairs to fixed assets are always expensed

Major repairs to fixed assets are never capitalized

25.

Which of the following conditions would allow a cost to be capitalized towards an already existing asset?

Group of answer choices

The cost decreased the quantity or quality of units produced

Both are false

The cost increased the useful life of the asset

Both are true