THE FOLLOWING INFORMATION RELATES TO QUESTIONS 28-31 In accounting for plant assets, which of the following outlays made subsequent to acquisition should be debited to the basis of the asset in the period the expenditure is made? Answer TRUE or FALSE for each 28. Expenditure made to increase the efficiency or effectiveness of an existing asset. True False QUESTION 29 In accounting for plant assets, which of the following outlays made subsequent to acquisition should be debited to the basis of the asset in the period the expenditure is mado? Answer TRUE or FALSE for each 20. Expenditure made to extend the useful life of an existing asset beyond the time frame originally anticipated. True False QUESTION 30 In accounting for plant assets, which of the following outlays made subsequent to acquisition should be debited to the basis of the asset in the period the expenditure is made? Answer TRUE FALSE for each 30. Expenditure made to maintain an existing asset so that it can function in the manner intended, True False QUESTION 31 In accounting for plant assets, which of the following outlays made boquor to acquisition should be alrited to the basis of the asset in th period the expenditure is made? Answer TRUE OR FALSE for each 31. Expenditure made to add new asset services True False