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True or False 1.The cost of assets with useful lives expected to extend for 2...

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Accounting

True or False

1.The cost of assets with useful lives expected to extend for 2 or more years are capitalized with costs allocated over their useful lives.

2.In a basket purchase of a group of assets, the purchaser and the seller can agree to the value of the separate assets.

3.Stock appreciation rights allow an employee to benefit from an increase in the value of the employers stock without actually purchasing the stock.

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