3) Which of the following accounts is the contra-account that wou paired with a long-lived asset? a. Accumulated Depreciation b. Accounts Payable c. Retained Earnings (Maintenance Expense) d. All of the above 4) Which of the following is an intangible asset? a. Equipment b. Patents c. Buildings d. All of the above 5) What is the double declining balance depreciation expense in y for the following asset? Cost: $35,000 Useful Life: 15 Years Salvage Value: $5,000 a. $5,333 b. $2,000 c. $4,667 d. $3,100 6) Depreciation expense reflects: a. The spreading of cost over the assets useful life b. The decrease in market value for long lived assets c. The cash paid for maintenance in a given year d. All of the above 7) In year 1 which deprecation method will generate the largest depreciation expense? Cost: $35.000 Useful Life: 15 Years Salvage Value: $5,000 a. Additional Information is Needed to Answer this Question b. Year 1 Deprecation is not different between methods c. Straight Line d Double Declining Balance