C. accrued property taxes assumed by the purchase d. title fees. 3. which of the following is not true of ordinary repairs? a. They primarily benefit the current accounting period. b. They can be referred to as revenue expenditures. They maintain the expected productive life of the asset. d. They increase the productive capacity of the asset. C. D 4. Depreciation is a process of asset devaluation. od ied on el lo 0uoms tooo e a. b. cost accumulation. cost allocation. C. d. asset valuation. Which depreciation method is most frequently used in businesses today A5. a. Straight-line b. Declining-balance C. Units-of-activity d. Double-declining-balance ben