Auta instructure.com Quit: Quit Five Ch 01 The cost of a building depend Outlook Plant assets are long-lived, tangible assets used in the operation of a business. True False 1 pts Question 5 The process of allocating the cost of a plant asset over its useful life is known as cost reduction True False 1 pts Question 6 Depletion expense should not be recorded for natural resources because they do not decrease in value over time. True False 1 pts Question 7 MacBook Pro