QUESTION 26 Depreciation Not yet answered Marked out of 1.00 Select one: P Flag question O a. Is accumulated and reported as an asset on the statement of financial position O b. all provided answers are correct Ocis a process of asset cost allocation during the period of ownership by a company. d. Applies to land improvements, buildings, and equipment. QUESTION 27 Not yet answered Mazaya Company acquires land for R.0.96,000 cash Additional costs are as follows: Removal of shed R0.400, Filling and grading 1.530, Salvage value of lumber of shed 120, Broker commission 1.530, Paving of parking lot 10,000 Closing costs 650 Mazaya will record the acquisition cost of the land as Marked out of 1.00 P Flag question Select one: a R0.99.770 b.R.O.96.000 CRO.98,090 d. R0.99.990