24) When computing the amount of interest cost to be capitalized, the concept of“ avoidable interest” refers to 25) The King- Kong Corporation exchanges one plant asset for a similar plant asset a nd gives cash in the exchange. The exchange is NOT expected to caus e a material change in the future cash flows for either entity. If a gain on the disposal of the old asset is indicated, the gain will 26) When a plant asset is acquired by issuance of common stock, the cost of the plant asset is properly measured by the 27) The cost of a nonmonetary asset acquired in exchange for another nonmonetary asset and the exchange has commercial substance is usu ally recorded at 28) Which of the following principles best describes the conceptual ra tionale for the methods of matching depreciation expense with revenu es? 29) If an industrial firm uses the units-ofproduction method for computing depreciation on its only plant asset, factory machinery, the credit to accumulated depreciation from period to period during the life of the firm will 30) Which of the following most accurately reflects the concept of de preciation as used in accounting? 31) Prentice Company purchased a depreciable asset for $ 200,000. Th e estimated salvage value is $ 20,000, and the estimated useful life is 1 0 years. The straightline method will be used for depreciation. What is the depreciation ba se of this asset? 32) Harrison Company purchased a depreciable asset for $ 100,000. T he estimated salvage value is $ 10,000, and the estimated useful life is 10 years. The straightline method will be used for depreciation. What is the depreciation ba se of this asset? 33) Starr Company purchased a depreciable asset for $ 150,000. The e stimated salvage value is $ 10,000, and the estimated useful life is 8 ye ars. The doubledeclining balance method will be used for depreciation. What is the d epreciation expense for the second year on this asset? 34) Costs incurred internally to create intangibles are