7. Expenditures that maintain the operating efficiency and expected productive life of a plant a. considered to be repairs and maintenance expenditures. b. capitalized as a part of the cost of the asset. debited to the Accumulated Depreciation account. not recorded until they become material in amount. C. d. 8. Depreciation is a process of a. asset devaluation. b. cost accumulation. cost allocation. asset valuation. d. 9. In computing depreciation, salvage value is a. the fair value of a plant asset on the date of acquisition. b. subtracted from accumulated depreciation to determine the plant asset's depreciable cost. an estimate of a plant asset's value at the end of its useful life ignored in all the depreciation methods c. d. 10. Depletion is a. a decrease in market value of natural resources. b. the amount of spoilage that occurs when natural resources are extracted. the allocation of the cost of natural resources to expense. the method used to record unsuccessfl patents