7. Salvage value plus book value defines taxable gains, which results in owing the government more money. True / False 8. Working capital requirements differ according to the nature of the investment project. True / False 9. "Accounting" depreciation is the systematic allocation of an asset's value over its depreciable life. True / False 10. Period Costs appear on the Income Statement as expenses during the time in which they occur. True / False solo sisignanoise montana Multiple Choice Questions (4 points each / Total 20 points) Circle the letter that is your answer(s) Note there could be more than one correct answer per question DOE OM O b y 10 wollenge to s et asla bu 1. Cash Flow Statement includes which of the following elements (a) Net Income (b) Capital Investment of ned Top at stoo n (c) Borrowed Funds Odontolo el art bre palmo 101 (d) Salvage value