true or false Capital expenditures are costs of acquiring, constructing, adding, or replacing

property, plant and equipment.

a$.$ True

b$.$ False

Capital expenditures are costs that are charged to Stockholder's equity accounts

a$.$ True

b$.$ False

The cost of replacing an engine in a truck is an example of ordinary maintenance.

a$.$ True

b$.$ False

When selling a piece of equipment for cash, a loss will result when the proceeds of

sale are less than the book value.

a$.$ True

b$.$ False

When a property, plant, and equipment asset is sold for cash, any gain or loss on the

asset sold should be recorded.

a$.$ True

b$.$ False

A gain can be realized when a fixed asset is discarded.

a$.$ True

b$.$ False