1. Whats included in the cost of an asset
2. Land improvements

A: dont recognize depreciation of land but do on land improvements

3. Select the definition of depreciation
4. Definition of book value
5. How do we handle salvage value in calculation depreciation
6. Calculate straight line depreciation (steps)
7. Difference between extending the life of an asset vs maintaining the asset how is it show differently on an accounting standpoint
8. How to calculate a gain on a sale of an longterm asset (steps)
9. How to calculate loss or gain on capital or long term saset
10. Where do we report the loss or gain an asset on the financial statements (if sold an asset and received a gain or loss where will that be reported on a financial statement)

Answer as many questions as you can please