Question 8 (1 point) Depreciation is a reduction in an asset's replacement cost. a means of cost allocation. a method of recording the decline in an asset's fair market value. a measure of changes in an asset's value. Question 9 (1 point) Which of the following would not be included in the cost of an item of property, plant, and equipment? The purchase price net of any trade discounts and rebates. Delivery costs. Costs of training employees to use the asset. Costs of obligations associated with the asset's eventual disposal