DH A company purchased a hand for $25,000 cash with an old building. The demolition cost of the building should be recorded as i d D Adeled to the building cost D Demolition Expense o Deducted from the Land cost o Added to the land cost 0 1 0 Gida In the adjusting entry of the depreciation of a certen year, the amount included is the amount of, Accumulated dep., 030ck valve, D Dep. expense, a Depreciable cost B) All are not included in the cast of plant assets except: o Theft insurance, D Annual proporty Taxes, Accured properly takes Driving license c) A company is constructing a building and incurs the following costs, building permits of 15 15,00 $ 15,000). of contractor fees, architect fees of 133,500 and landscaping of 1$2,000. The cost of the building is: $23, 50., $21.500 $20,000 $25,50 d When exchanging old equipment with a new one, a Gain on disposal amount results when? Proceed from sale Book value of the old equipement Cost of new equipment Book value a Accumulated depreciation >3ook value and D None of the above c) On June 1, 2019, USD company purchased a delivery Truck for $30,oou and no salvage value. The truck is expected to be driven for 20,000 miles. The company uses the units of Activity method of depreciation. What is the amount of dep. expense in 2018: J$2 ,0 $2,000 is $4,000 3 Non of the cabore. e) When a company sells equipment for $10,000 while its Book value is $5,000 and cost is $12,000. The sale of the equipment results ar 3 Loss on Disposal of 7.000 to be recorded on the debite side Dhoss on Disposal of $2,000 o a n o credite side D Grain on Disposal of 25. a u credite a o bain on Disposal of $7,000 in a credite u - g) The cost of Land improvments includes 3 Fences, I Lighting, I Driveways , 3 All of the above. Just write the answer for each one . 0 1 0 PODPP P 999