QUESTION 27 The Accumulated Depreciation account represents: Othe total depreciation expense for the current reporting period the total depreciation expense recorded since the beginning of the current calendar year the total depreciation expense recorded since the asset was placed into service O the total cash accumulated to replace the asset QUESTION 28 The purchase price for a land and building combined was $168,000. Appraisals indicate respective values of $30,000 and $150,000. The cost allocated to the land and building, respectively, should be $28,000/140,000 $30,000/150,000 $84,000/84,000 $90,000/90,000