Answer the following statements true (T) or false (F)

1) The cost of a building depends on whether the company is constructing the building or is acquiring an existing one.
2) When constructing a building for plant operations, payments for materials, labor, and miscellaneous costs are recorded as expenses.
3) After a machine is installed and is up and running, repairs and maintenance are recorded as part of the cost of the machine.
4) Installation costs are recorded as part of the cost of equipment.


1) TRUE
2) FALSE - When constructing a building for plant operations, the cost for materials, labor, and miscellaneous costs are recorded as part of the cost of the building.
3) FALSE - After a machine is installed and is up and running, repairs and maintenance are recorded as expenses.
4) TRUE

Business

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Indicate whether the statement is true or false

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Business