True or False

1.a) Before accounting for the disposal of a plant asset, the business should bring depreciation up to date in order to determine the asset's original cost.

b.)) When compared to the accelerated depreciation methods, the use of the straight-line method increases a company's tax liability.

c.) If a company buys a building and the surrounding land for cash, total assets increase.

D.) The Accumulated Depreciation account is an income statement account.

E) Obsolescence may cause an asset's useful life to be longer than the asset's physical life.