Question 4 (Mandatory) (1 point) If a company buys a building and the surrounding land for cash, total assets increase. True False Question 5 (Mandatory) (1 point) A machine is purchased for $80,000. The transportation cost from the seller was $3000, installation costs were $2000 and taxes on the purchase price were $700. Testing runs of the new machine cost $3000. What is the cost of the machine? $80,000 $85,700 $85,000 $88,700 Question 6 (Mandatory) (1 point) The distinction between a capital expenditure and an immediate expense for a plant asset requires judgment. True False