Question 11: A company that has a large investment in property, plant and equipment and that fails to systematically rep

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Question 11: A company that has a large
investment in property, plant and equipment and that fails to
systematically replace those assets generally reports a decreasing
return on assets over the useful life of its asset base.
True
False
Question 12: Expenditures on PP&E that
increase future service potential should be added to the remaining
unexpired cost of the asset and be charged to expense over the
estimated remaining period of benefit.
True
Question 13: Expensing the cost of an
asset implies that the asset has future service potential.
True
False
Question 14: Debt securities that are
classified as held-to-maturity are measured at fair market
value.
True
False
Question 15: Intangible assets derive their
value from the special rights and privileges they convey.
True
False