If a plant asset is retired and is fully depreciated, a loss on disposal will be recorded. no gain or loss on disposal will be recorded. a gain on disposal will be recorded. phantom depreciation must be taken as though the asset were still on the books. phantom depreciation must be taken as though the asset were still on the books. Question 2 Which of the following is included in the cost of constructing a building? Cost of paving a parking lot. Cost of repairing vandalism damage incurred shortly after construction is complete. Cost of removing the demolished building existing on the land when it was purchased. Interest incurred during construction