C. of new cheques ordered by the depositor. b. a designation of which cheques are still outstanding at the end of the month. a designation of which deposits are in transit at the end of the month. d. notification of errors made by the depositor in recording cheques written during the month in the depositor's accounts. 11. Gains on sales of assets a. are reported on the income statement for the period when the sale takes place. b. are equal to the difference between the cost of the asset sold and its net book value. are treated as a reduction in the operating costs of the period. d. occur if the net book value of the asset sold is more than its fair market value. 12. Which of the following is not an intangible asset? a. Research and development costs b. Copyrights c. Organization costs d. Goodwill 13. Duschene Construction uses the percentage-of-completion method of accounting for its construction contracts. They estimated the total cost of completing job #5692 as being $250,000, and actually incurred costs of $150,000 in 2001 and $100,000 in 2002. The total contract price for the job was $350,000 and the contract was completed in 2002. Duschene's 2001 revenues from this job are a. $140,000 b. $210,000. C. $100,000 d. $350,000