Indicate whether each of the following statements is true or false.
1. Indirect costs cannot be traced to a cost object in a cost-effective manner.
2. For a factory with several departments, each department could be treated as a cost object.
3. Depreciation on a factory building is a direct cost for the departments in the factory.
4. For a factory with several departments, depreciation on equipment used in one department would be a direct cost to that department.
5. An individual cost cannot be both fixed and direct with respect to a particular cost object.

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The Answer of Indicate whether each of the following statements is true or false.
1. Indirect costs cannot be traced to a cost object in a cost-effective manner.
2. For a factory with several departments, each department could be treated as a cost object.
3. Depreciation on a factory building is a direct cost for the departments in the factory.
4. For a factory with several departments, depreciation on equipment used in one department would be a direct cost to that department.
5. An individual cost cannot be both fixed and direct with respect to a particular cost object.

Indicate Whether Each of the Following Statements Is True or False