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Quiz $($i$)$

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Property, plant and equipment include

Multiple Choice

Land

Land improvements

Buildings

Machinery and equiprinent

All of the choices are correct

The formula for calculating straight$-$line depreciation is

Multiple Choice

Depreciable cost divided by the useful life in years

Cost plus residual value divided by the useful life in years

Depreciable cost divided by useful life in units

Cost divided by useful life in years

Cost divided by useful life in units