Question 10 - When depleting a timber asset, you can use either cost depletion or percentage depletion methods.

True

False

Question 11 - Depreciation methods are used to deduct the declining value of a resource for taxes.

True

False

Question 12 - Once an asset is placed in service and ready to use it is eligible for depreciation of its purchase, delivery, and installation costs.

True

False

Question 15 - Capitalized Cost is the present worth value of an investment that lasts forever.

True

False

Question 20 - Norstroms Criteria tells us this cash flow has at least two ROR values.

Year 0: $2400Year 1: -$9000Year 2: -$2100Year 3: -$700Year 4: $9500

True

False