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All of the following should be capitalized as part of PP&E Interest Associated with External Financing Disposal Costs to Remove Previous Structure Repair of HVAC
- All of the following should be capitalized as part of PP&E
- Interest Associated with External Financing
- Disposal Costs to Remove Previous Structure
- Repair of HVAC
- Shipment Costs to Factory
- Newts Magical Beasts, LLC recorded Revenue of $100K and Total Costs of $80K. Assets were $25k and $50k at the begging and ending of the year, respectively. Calculate ROA
- 400%
- 80%
- 40%
- 53%
- Land is depreciated using the following useful life
- 3-5years
- 5-10 years
- None
- A or B
- Depreciation for tax purposes is calculated using the following method:
- Activity Method
- MACRS
- Double Declining
- Straight-Life
- Equipment purchased for $100,000 with a 5 year useful life and $10,000 salvage value is determined to be able to produce 90,000 unites its life time. Assuming the activity method is used, what is the Depreciation Expense in Year 3 if 20,000 units were produced?
- 9,000
- 18,000
- 22,222
- 20,000
- Depreciation is due to wear/tear related to the asset
- True
- False
- All the following may be capitalized, except
- Purchased Brand Recognition
- Internally Generated R&D
- Legal Costs to Defend Patent
- A Franchise Fee for 5 Year Operation
- When capitalizing definite-lived intangibles, all of the following are increased except:
- Future Amortization
- Intangible Asset
- Current Assets
- Long-Term Assets
- A trademark must be renewed every
- 5 years
- 10 years
- 15 years
- 20 years
- Patents are good for
- 3 years
- 5 years
- 10 years
- 20 years
- Purchased Goodwill is calculated as the purchase price less __________ .
- Fair Market Value
- Book Value
- Fixed Assets
- Management Assumptions
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