Question 41 Basket purchase value allocations can be biased. True O False Question 33 1.67 pts Clark Company acquired a desk for $500. The estimated salvage value is $50 and the estimated life is 5 years. What journal entry should Clark make to record depreciation expense? O Depreciation Expense 90 Accumulated Depreciation 90 Depreciation Expense 90 Desk 90 O Accumulated Depreciation 90 Depreciation Expense 90 Depreciation Expense 100 Accumulated Depreciation 100 Question 34 Which of the following is true of accounting for research and development costs under U.S. GAAP? All research and development costs must be expensed as incurred. O Research costs are expensed, but some development costs may be capitalized. Research and development costs that lead to supcessful projects are capitalized. O Development costs are expensed, but some research costs may be capitalized