QUESTION #1 Land acquired so it can be resold in the future is listed on the balance sheet as a(n)

a.intangible asset

b.fixed asset

c.investment

d.current asset

QUESTION #2 Which of the following should be included in the acquisition cost of a piece of equipment?

a.transportation costs

b.installation costs

c.testing costs prior to placing the equipment into production

d.all of these

QUESTION #3

1. Question Content Area

   Accumulated Depreciation

   a.is used to show the amount of cost expiration of intangibles

   b.is a contra asset account

   c.is the same as Depreciation Expense

   d.is used to show the amount of cost expiration of natural resources

   PLEASE ANSWER THE 3 QUESTIONS PLEASEEEEEEEE