Moving to another question will save the response Question 15 Check all that apply: Which of the following statements is true regarding the term Accumulated Depreciation, as used in accounting? Total loss in value from the use of the asset in the business since the asset was acquired Funds (or cash) set aside to replace the asset being depreciated Earnings retained in the business that will be used to purchase another esset when the present entsot is depreciated Is coducted from the Cost of the Assetto pivo the Book Value of the asset Moving to another question will save this response Moving to another question will save the response Question 16 The inclusion of the Intangible Asset 'Goodwill in the financial statements of a company indicates: That the company has an unfavourable reputation with its customers A monopoly position in the industry or superior management An unbroken record of annual earnings and dividends That the company has purchased a going business at a price in excess of the fair market value of the not identifiable assets Question 17 Check all that Apply: Which of the following statements are true about Financial Assets: Consist of cash and cash equivalents Are reported at face value in the balance sheet O Include short-term investments in marketable securities, accounts and notes receivables, as well as cash equivalents O Are considered non-current assets leave the recrance