18. Quality Freight Company made the following expenditures on one of its delivery trucks: Marc 20. Replaced the transmission at a cost of $1,890 June 11. Paid $1,350 for installation of a hydraulic lift Nov. 30. Paid $55 to change the oil and filter As the accountant of Quality Freight prepare journal entries for each expenditure: 19. What is a fixed asset turnover ratio a measure of? a. A measure of the speed of an assembly plant b. How much in sale does a dollar of fixed assets earn C. The number of product units a plant can produce in 24 hours d. Productivity by labor hour None of the above. e. 20. Drawing on your knowledge of your text, how would you as an accounting student classify and record research and development expenditure in your books? As: a. A capital expenditure b. Deferred Revenue C. Deferred Liability d. An expense None of the above. e