Click to watch the Tell Me More Learning Objective 2 video and then answer the questions below. 1. All of the following fixed assets are depreciated except a. building b. truck c. land d. equipment 2. The difference between a fixed asset's initial cost and residual value is known as its a. depreciable cost b. book value c. accumulated depreciation d. net revenue 3. Which of the depreciation methods is called an accelerated depreciation method? a. Straight-line method b. Double-declining-balance method c. Units-of-activity method d. None of these are correct. 2. The difference between a fixed asset's initial cost and residual value is known as its a. depreciable cost b. book value c. accumulated depreciation d. net revenue 3. Which of the depreciation methods is called an accelerated depreciation method? a. Straight-line method b. Double-declining-balance method c. Units-of-activity method d. None of these are correct. 4. The journal entry to record costs related to extraordinary repairs would include a to a. credit; Accumulated Depreciation b. debit; Accumulated Depreciation c. debit; Cash d. credit; the respective asset account