Alloy : Apparel & A... D Background image... Monopolisticjpg Question 22 A characteristic of a fixed asset would include O Owned and operated in normal operations is used up within one year of ownership Is intangible is usually sold within the first year of ownership O Alloy Apparel & A.. Background image Monopolisticjpg Question 23 A capital expenditure O Increase the book value of the asset e Decreases the book value of the asset O Reduces Net Income Will have no effect on the book value of the asset D Question 24 A capital expenditure can either e Increase useful life or increase usefulness e Increase Depreciation or Decrease Usefulness Decrease Market Value or Decrease Book Value O Decrease useful life or increase usefulness