1. A taxpayer incurred research and development expenditures which are related to a capital account subject to depreciation. The taxpayer should?
   1. Treat research and development expenses as capital expenditures and depreciate them over the useful life of the related assets.
   2. Claim them as outright deductions or treat them as deferred charges amortize them over 10 years.
   3. Claim outright deduction for the research and development expenses.
   4. Treat the research and development expenses as deferred expenses and amortize them over 60 months.

2. All are Philippine income taxes except fringe benefit tax, except:
   1. Personal income tax
   2. Capital gains tax
   3. Regular income tax
   4. Final income tax

3. Which are the following is/are Special Rules in Depreciation?
   1. Life tenancy to a property
   2. Properties held in trust
   3. Revaluation on properties
   4. All of the above