True or fault question. Need asap. Thank you

The sales returns and allowances account should be reported as a deduction from sales revenue because it is a contra- revenue account. A company is thinking of borrowing money at an 18% annual interest rate in order to pay a $30,000 invoice within the discount period. The invoice terms are 2/10, n/30. They should borrow the money because they will still have a net savings of 19.2%. Inventory turnover is computed turnover ratios of 17.76 under LIFO costing and 10.26 under FIFO costing. The most typical cause for the higher LIFO ratio is the lower, older costs during a period of inflation that are held in inventory on the balance sheet so it creates a lower demoinator figure for computing turnover. When a company buys equipment for its own use, all costs of acquisition and preparation are include in the asset's acquisition cost including interest if we buy the equipment on credit. Repair costs are classified as capital expenditures when they increase the useful life or efficiency of an asset. All tangible operational assets (classified as property, plant, and equipment) are subject to depreciation