Question 1 Not yet answered Aye Corp purchases a remote-site building for computer operations. The building will be suitable for operations after some necessary expenditures. The wiring must be replaced to handle the computer specifications. The roof is leaking and must be replaced. All rooms must be repainted and re-carpeted and there will also be some updating of the plumbing needed. Which of the following statements is true? Marked out of 1.50 Flag question Select one: The cost of the building will include the cost of replacing the roof. The cost of the building will include the repainting and re-carpeting costs. The wiring replacement will be part of the computer costs, not the building cost. The cost of the building is the purchase price of the building, while the additional expenditures are all capitalized as Building Improvements. Question 2 Not yet answered Angel Eyes Corporation operates on a calendar year basis. The company is in its first year of operations and received its annual property tax bill on March 31 for $21,000. The bill is due May 1. Even though the company records adjusting entries on a monthly basis, no entries related to property taxes have been recorded. The March 31 entry to record property tax should be: Marked out of 1.50 P Flag question Select one: debits to prepaid property tax and property tax expense for $15,750 and $5,250, respectively and credits to property tax payable and cash for $15,750 and $5,250, respectively debit property tax expense $5,250 and credit property tax payable $5,250. debits to prepaid property tax and property tax expense for $15,750 and $5,250, respectively and credit to property tax payable for $21,000 debit property tax expense $21,000 and credit property tax payable $21000