MO earlier years than in later years? A) the double-declining-balance method C) the units-o-production method B) the straighe-line method D) the firt-in, first-out method 1w g ngng r epop dap go o M (z 28) A fully depreciated plant asset, A) is no longer reported on the balance sheet B) can no longer be used in the business C) is removed from the accounting records D) can be discarded, sold, or exchanged for another plant asset (8) ) The gain or loss on the sale of a plant asset is determined by comparing the market value of assete received with the of asset sold. A) original cost B) salvage value C) residual value D) book value 30) Motor Sales sold its old office fumiture for Se000, The original cost was 516,000, and at the time of sale, accumulated depreciation was $14.000. What is the effect of this transaction? A) loss of S6000 000S jo o (a 000S o uje ( 31) Which of the following is an expense that results from the usage of a natural resource? B) depletion (16 uogezuoe (a A) obsolescence C) depreciation 32) Intangible assets A) are not recorded in the books because they have no physical substance B) convey special rights from patents, copyrights, trademarks, and other creative works C) represent assets for which the market value cannot be determined D) All of the statements are correct. 33) Which of the following is an intangible asset? A) equipment B) copyright C) land D) building 34) Businesses record goodwill A) when they continue the business of an acquired company B) if their market value has increased significantly in the recent years (4) C) if they acquire another company at an amount higher than the market value of its net assets D) when they enjoy an outstanding reputation and loyalty with customers 35) Which of the following items should be amortized? A) patents, copyrights, trademarks B) natural resources D) tangible property, plant, and equipment, other than land Impoos () COVDE