The term "depletion" is associated with:

a$.$ Indefinite$-$lived intangible assets

b$.$ Limited$-$life intangible assets

c$.$ Natural resources

d$.$ All of the above

The costs of developing computer programs for internal use, selling, or renting:

a$.$ Are accounted for as expenditure at all stages of the programs

b$.$ Are accounted for as an expense until technological feasibility is reached and then capitalized.

c$.$ Are capitalized until technological viability is reached and then accounted for as an expense.

d$.$ Are capitalized at all stages of the programs.

A company bought a parcel of land. In addition to the purchase price, which of the following outlays adds to the cost of the asset?

a$.$ Delinquent Property Tax

b$.$ Legal costs of ownership and registration

c$.$ Costs of getting the land ready for construction

d$.$ All of the above

A company bought land with the intention of constructing a new building, a parking lot, and a fence. On the land there is a building that is going to be demolished. Which of the following statements is true?

a$.$ The purchase price is distributed between the land and the building. When the building is demolished, the originally allocated cost is added to the cost of the new building, along with the demolition cost.

b$.$ The entire purchase price is allocated to the land and the cost of demolishing the building is added to it$.$

c$.$ The cost of the parking lot and the fence is part of the cost of the land.

d$.$ The cost of the parking lot is part of the cost of the land, while the cost of the fence is part of the cost of the building.

The company borrowed money to construct the new building. Which of the following expenses adds to the cost of the new building?

a$.$ Interest incurred before building construction begins

b$.$ Interest incurred during the construction of the building.

c$.$ Interest incurred when the building is already being used

d$.$ None of the above