Which of the following should not be capitalized in the construction of a fixed asset for a government-wide statement? a. buliding b. title opinion or title insurance c. abstracting costs and recording fees d. none of the answers (but this one) are correct e. interests costs during construction f. insurance premiums during construction 9. survey h. land 1. demolition of a building 1. all of the answers are correct k. architect's fees A local museum just received a donation of two Picasso's from a local collector. The museum intends on showing and never selling these paintings. Assume that the museum has properly reported the receipt, what depreciable life would they use for the reporting of this collectible? (ignore FASB 116 - we are GASB) a. Macrs would require a 39 year life b. trick question, there is no useful life c. Macrs would require a 7 year life d. Macrs would require a 27.5 year life e. Macrs would require a 20 year life