TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false.
		The cost of land includes the cost of removing unwanted buildings.

b)

The cost of fencing around a building is included in the cost of the building.

c)

Tangible assets are assets with no physical form that have value because of the special rights they carry.

d)

The three major depreciation methods are straight-line, declining-balance, and specific identification.

e)

Estimated residual value is the expected cash value of an asset at the end of its useful life.

f)

Double Declining Balance differs from straight line depreciation in that depreciation expense is greater in the first year and less in the later years.

g)

The double-declining balance method of depreciation computes annual depreciation by multiplying the asset's decreasing book value by a constant percent that is two times the straight-line rate.

h)

Depletion expense is the portion of a natural resource's cost used up in a particular period.

i)

Goodwill is not amortized, but evaluated each year for a decline in value.