3. For some of the fixed assets of a business, the balance in Accumulated Depreciation is equal to the cost of the asset. (a) Is it permissible to record additional depreciation on the assets if they are still useful to the business? Explain. (b) When should an entry be made to remove the cost and the accumulated depreciation from the accounts? addition to its office building. The lowest bid received was for $1.200,000. Alpine decided to construct the addition itself at a cost of $1,100,000 What amount should be recorded in the building account? 2. Distinguish between the accounting for capital expenditures and revenue expenditures