P-8 What distinguishes repairs expense from capitalized improvements? a) The dollar amount spent b) Whether payment is made in cash c) The timing of the expenditure d) Whether future benefits are enhanced

8.1 For each of the following items, indicate whether the expenditure should be capitalized (“C”) or expensed (“E”) in the period when it was incurred: _______ A betterment _______ Replacement of a minor broken part on a machine _______ An expenditure that increases an existing asset's useful life _______ An expenditure that increases the efficiency and effectiveness of a productive asset but does not increase its residual value _______ An expenditure that increases the efficiency and effectiveness of a productive asset and its residual value _______ An expenditure that increases a productive asset's output quality _______ An overhaul to a machine that increases its fair market value and its production capacity by 30% without extending the machine's useful life _______ Ordinary repairs _______ A major overhaul _______ An expenditure that results in a 10%-per-year production cost saving _______ Costs of a major overhaul that brings the asset's condition back to “new,” with no change in…

7 Which of the following characteristics represent an advantage of the internal rate of return techniques over the accounting rate of return technique in evaluating a project?  I    Recognition of the project’s salvage value.  II   Emphasis on cash flows.  III  Recognition of the time value of money.  Group of answer choices  II and III  I, II, and III  I only  I and II

Land improvements include: Oa. surveying fees. Ob. sales tax. Oc. freight. С. Od. outdoor lighting.

QUESTION 17 Match the term on the left to the appropriate description on the right. v Historical cost A. The amount of a PP&E asset's acquisition cost that will be depreciated over the asset's useful life v Depreciable cost B. An asset whose value derives from rights and privileges rather than physical existence v Salvage value v Accumulated depreciation C. The capitalized acquisition cost of an asset v Intangible asset v Amortization D. The process of allocating an intangible asset's acquisition cost to expense over its useful life E. The book value of a fully-depreciated PP&E asset F. The total amount of depreciation expense that has been recorded to-date for a PP&E asset

Question # 10 a. Over what period of time should the cost of a patent acquired by purchased be amortized? b. In general, what is the required accounting treatment for research and development costs? c. How should goodwill be amortized?   they all come together is for question #10

question 39 choose the correct answer from the choices

Which of the following transactions is revenue expenditure? A Expenditure resulting in improvements to property B Expenditure on heat and light C Purchasing non-current assets D Repaying a bank overdraft

Question 7 Which of the statements below regarding revenue expenditures is TRUE? а. Revenue expenditures include ordinary repairs. b. Revenue expenditures are those that are necessary to maintain good operating condition. с. Revenue expenditures are usually small and routine in nature. d. All of the above are true. A Moving to the next question prevents changes to this answer.

Please help to pick which is the correct option