estion 3 i1 point) J Saved Which of the following costs should be recorded as an expense? 13 Administrative employee salaries O 2) Depreciation of manufacturing equipment 0 3) insurance for the factory building 0 4) All of these are expenses. Question 4 (1 point) v Saved A potential negative effect of using a just in time inventory system is the immediate impact of labor strikes on the transportation system such as railroad. @ 1) True 0 2) False Question 5 (1 point) With respect to income taxes, managers would prefer to classify costs as assets rather than expenses. 0 1) True 0 2) False