HealthTech Solutions is a life science company. Which of the following transactions entered by HealthTech Solutions is recorded as PPE and depreciated?

(a) Incurred $4,000,000 on new liver scanning research

(b) Purchased two vehicles for $45,000 for transport between the two plants.

(c)Purchased copper aluminum sheets of 85,000 for packaging of medicines

(d)Incurred $2,000,000 on construction of a research labratory building which is still under construction.

(e)Recieved machinery of 90,000 for a subsidary company

(f) Purchased labratory glass test tubes of 3,000 dollars with a useful life of six months.

Select the best answer:

a. b. C. \begin{tabular}{l|l} Option Answer & \\ \hline (a) & Yes \\ \hline (b) & No, as the car is not used for production activity, therefore should not be accounted as PPE \\ \hline (c) & Yes \\ \hline (d) & No, as the asset under construction should not be accounted as PPE unless the asset is complete and placed in service \\ \hline (e) & Yes \\ \hline (f) & No, as the laboratory test tubes are easily breakable and is a consumable item, therefore should not be accounted as PPE \\ \hline \end{tabular} d. \begin{tabular}{l|l|} \hline Option Answer \\ \begin{tabular}{l|l} (a) & No, as the amount spent on research of a new product should not be accounted as PPE \\ \hline (b) & No, as the car is not used for production activity, therefore should not be accounted as PPE \\ \hline (c) & No, as the amount spent on purchase of raw material should not be accounted as PPE \\ \hline (d) & No, as asset under construction should not be accounted as PPE unless the asset is complete and \\ placed in service \\ \hline (e) & No, as the item is transferred by the holding company and not purchased by Pharma Research. \\ therefore should not be accounted as PPE \end{tabular} \\ \hline (f) & Yes \end{tabular}