Hi, I need help with 10 multiple choice accounting Questions, attached are the questions.

QUESTION 1 Which of the following expenditures would not be capitalized as part of the cost of purchasing a piece of equipment? Select one: Transportation costs to get the new equipment to the buyer's factory Sales tax on the purchase price of the new equipment The cost to train employees to maintain the new equipment The cost to install the new equipment Check QUESTION 2 Impairments of plant assets are recorded as a consequence of which accounting principle or assumption? Select one: Matching Conservatism Monetary unit Going concern Check QUESTION 3 On January 1, Smith & Sons purchased a delivery truck for $24,000, having a salvage value of $2,000, and an estimated useful life of 4 years. Calculate the depreciation expense in Year 2 assuming the use of straightline depreciation. Select one: $5,500 $6,000 $6,500 $6,800 Check QUESTION 4 On January 1, Smith & Sons purchased a delivery truck for $24,000, having a salvage value of $2,000, and an estimated useful life of 4 years. Calculate the depreciation expense in Year 2 assuming the use of the doubledeclining balance method. Select one: $5,500 $6,000 $6,500 $6,800 Check QUESTION 5 On January 1, Smith & Sons purchased a delivery truck for $24,000, having a salvage value of $2,000, and an estimated useful life of 100,000 miles. Calculate the depreciation expense for Year 2 assuming the truck is driven 20,000 miles. Select one: $5,500 $6,000 $6,500 $4,400 Check QUESTION 6 Which of the following statements is true? Select one: Goodwill is subject to amortization. Research and development costs should be capitalized to the balance sheet. Intangible assets are amortized to expense on the income statement. Goodwill arises because of a company's positive corporate image among its customers. Check QUESTION 7 Which of the following statements is false? Select one: Expenditures for ordinary repairs are a capital expenditure. Betterment expenditures are a capital expenditure. Expenditures to acquire lowcost assets are revenue expenditures. Material additions to a plant asset are capital expenditures. Check QUESTION 8 Accounting for the periodic amortization of intangible assets is similar to which depreciation method? Select one: Doubledeclining balance depreciation Straightline depreciation Unitsofproduction depreciation The periodic amortization of intangible assets is not similar to any depreciation method. Check QUESTION 9 A company reports net income of $8,000, sales revenue of $18,000, and average total assets of $24,000. Calculate the company's return on assets. Select one: 44 percent (rounded) 33 percent (rounded) 75 percent (rounded) There is insufficient information to calculate this ratio. Check QUESTION 10 A company reports net income of $8,000, sales revenue of $18,000, and average total assets of $24,000. Calculate the company's asset turnover. Select one: 0.44 (rounded) 0.33 (rounded) 0.75 (rounded) There is insufficient information to calculate this ratio