QUESTION 6 Which of the following items would NOT be included as Property, Plant and Equipment? O Equipment being used in current operations A donated picece of equipment for use in current production valued at $50,000 Purchase of a new building for current use to be paid for over a 30 year time Equipment purchased for $100,000 and held as an investment QUESTION 7 Which of the following statements is FALSE in relation to subsequent measurement and impairment of intangible assets. Goodwill is created when an acquisition price is greater than the book value of net assets acquired. All intangible assets should be amortized over 5 years. O Intangible assets with a finite life will be amortized on a straight-line basis according to the estimated usefull period of service remaining O Intangibles should be evaluated annually for impairment