Question Details

Capital expenditures are expenditures that increase the company's investment 



TRUE OR FALSE:
	1.	A change in the estimated residual value of a capital asset requires a restatement of prior years' amortization.

	2.	To determine a new amortization amount after a change in estimate of a capital asset's useful life, the asset's remaining amortizable cost is divided by its remaining useful life.

	3.	Additions and improvements to a capital asset that increase the asset's operating efficiency, productive capacity, or expected useful life are generally expensed in the period incurred.

4.	Capital expenditures are expenditures that increase the company's investment in productive facilities.

	5.	Ordinary repairs should be recognized when incurred as operating expenditures.



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