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A Moving to another question will save this response. Question 1 of 50 >>> Question 1 8 points Save Answer Which of the following costs

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A Moving to another question will save this response. Question 1 of 50 >>> Question 1 8 points Save Answer Which of the following costs would be expensed not capitalized? Adding a bathroom to an office building OA. Performing a tune-up on the building's air conditioning unit. OB Adding a new parking lot at the back of a building , Reroofing an office building OD. Question 2 8 points Save Answer Which of the following statements is accurate about gains and losses? A loss has a Debit balance and is shown on the balance sheet. A gain has a Credit balance and is shown on the balance sheet. OA A loss has a Debit balance and is shown on the Income Statement. A gain OB. has a Credit balance and is shown on the Income Statement A loss has a Debit balance and is shown on the Income Statement. A gain OC has a Credit balance and is shown on the Balance Sheet A loss has a Credit balance and is shown on the Income Statement. Again OD has a Debit balance and is shown on the Income Statement A Moving to another question will save this response. >> Question 3 8 points Save Answer The amount the company expects to receive from selling the asset at the end of its service life is Residual value OA Always zero OB The estimated current market value at the time of purchase . Different depending on the depreciation method used OD Question 4 8 points Save Answer Crinkoff purchased a grinding machine for their factory. The following costs were incurred: $69,000 $3,000 $750 $200 5600 Purchase price Sales tax Shipping Shipping insurance between seller and factory Extended warranty for any issues over the first year For what amount should Crinkoff record on the balance sheet for the machine? OA OB $72.950 $73,550 $72.750 $77.500 . OD

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