U over the 111e or the company. QUESTION 3 10 points v Saved Writing off a cost means putting the cost on the balance sheet as an asset. evaluating the useful life of the asset. recording the cost as an expense. O deferring the expense. QUESTION 4 10 points Saved Suppose a firm purchases a new building for $500,000 and spends an additional $50,000 making alterations to it before it can be useHow much will the firm record as the cost of the asset? $500,000 $550,000 $450,000 It depends on who performed the alterations. QUESTION 5 10 noints Sud