Just answer if it a, b, c or d

Dont solve it

Question 1 Not yet answered Marked out of 20.00 P Flag question Fences and parking lots are reported on the statement of financial position as land improvements. b. current assets. c. property and equipment. d. land. Question 2 Not yet answered Marked out of 20.00 P Flag question The sale of a depreciable asset resulting in a loss indicates that the proceeds from the sale were a. less than current fair value b. greater than book value. C. greater than cost. O d. less than book value. 29.50 Question 3 Not yet answered Marked out of 20.00 P Flag question An expenditure made in connection with a machine being used by a company should be O a. capitalized if it maintains the machine in normal operating condition. O b. capitalized if it increases the quantity of units produced by the machine. O c. expensed immediately if it merely extends the useful life but does not improve the quality. O d. expensed immediately if it merely improves the quality but does not extend the useful life. Question 4 Not yet answered Marked out of 20.00 P Flag question An improvement made to a machine increased its fair value and its production capacity by 25% without extending the machine's useful life. The cost of the improvement should be O a. allocated between accumulated depreciation and the machinery account. O b. capitalized in the machinery account. O c. expensed. O d. debited to accumulated depreciation. Question 5 Not yet answered Marked out of 20.00 P Flag question The account Deferred Grant Revenue is classified as a. Other income and expense. b. a non-current liability. a separate component of shareholders' equity. d. Revenue