16. Give an example of a type of industry in which a company can be very successful with a relatively small amount of operational assets. Give an example of a type of industry that requires a very large amount of operational assets in order to be successful.
17. What items are included in the cost of a newly purchased building?
18. What is meant by a "basket purchase," and what method is normally used to determine the cost of individual assets?
19. Which method of depreciation generally allocates the largest amount of depreciation to the first year of the asset's life?
20. What type of account is Accumulated Depreciation?
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