Question 4 Not yet answered In a perpetual inventory system, the amount of the discount allowed for paying for merchandise purchased within the discount period is credited by the buyer to Points out of 1.00 O a. Sales Discounts. P Flag question O b. Inventory. O c. Purchase Allowance. O d. Purchase Discounts. Question 5 Which one of the following items is not a consideration when recording periodic depreciation expense on plant assets? Not yet answered Points out of 1.00 Flag question a. Cost O b. Residual value O c. Cash needed to replace the plant asset O d. Estimated useful life