Question 28 Which of the following assets do not qualify for capitalization of interest costs incurred during construction of the assets? Not yet answered Marked out of 1.00 P Flag question Select one: O a. Assets intended for sale or lease that are produced as discrete projects. b. Assets under construction for a company's own use. C. Assets not currently undergoing the activities necessary to prepare them for their intended use. d. Assets financed through the issuance of long-term debt. Question 29 Not yet answered Ringler Corporation exchanges one plant asset for a similar plant asset and gives cash in the exchange. The exchange is not expected to cause a material change in the future cash flows for either entity. If a gain on the disposal of the old asset is indicated, the gain will Marked out of 1.00 P Flag question Select one: a. effectively increase the amount to be recorded as the cost of the new asset. o b. be credited directly to the retained earnings account. c. be reported in the Other income and expense section of the income statement. d. effectively reduce the amount to be recorded as the cost of the new asset. Question 31 Which of the following is true of depreciation accounting? Not yet answered Marked out of 1.00 Flag question Select one: 0 a. It is part of the matching of revenues and expenses. o b. It retains funds by reducing income taxes and dividends. C. All of these answer choices are correct. O d. It is not a matter of valuation