Long-Lived Tangible & Intangible Assets For each of the following items, indicate whether the payment should be capitalized as part of a long-lived asset or expensed. Circle Cap for capitalized or Exp for expensed. 39. Cap Exp 40. Cap Exp 41. Cap Exp 42. Cap Exp 43. 44. 45. 46. 47. 48. Cap Exp Cap Exp Cap Exp Cap Exp Cap Exp Cap Exp Expenditure for installing machinery. Expenditure for insurance on machinery after it is in operation. Payment of delinquent taxes on a newly purchased building (taxes were delinquent at the date of purchase of the building). Expenditure for extensive plumbing repairs to make a newly purchased building usable. Sales tax on new machinery just purchased. Payment for the right to operating a Hampton Inn. Expenditure for a major overhaul that restores an aircraft engine to its original condition and extends it useful life. Expenditure for an addition to a building that is leased for 20 years. Amount paid for a business in excess of the appraised value of the net assets. Ordinary repair to an aircraft engine after it is in operation.

Long-Lived Tangible \& Intangible Assets For each of the following items, indicate whether the payment should be capitalized as part of a long-lived asset or expensed. Circle Cap for capitalized or Exp for expensed. 39. Cap Exp Expenditure for installing machinery. 40. Cap Exp Expenditure for insurance on machinery after it is in operation. 41. Cap Exp Payment of delinquent taxes on a newly purchased building (taxes were delinquent at the date of purchase of the building). 42. Cap Exp Expenditure for extensive plumbing repairs to make a newly purchased building usable. 43. Cap Exp Sales tax on new machinery just purchased. 44. Cap Exp Payment for the right to operating a Hampton Inn. 45. Cap Exp Expenditure for a major overhaul that restores an aircraft engine to its original condition and extends it useful life. 46. Cap Exp Expenditure for an addition to a building that is leased for 20 years. 47. Cap Exp Amount paid for a business in excess of the appraised value of the net assets. 48. Cap Exp Ordinary repair to an aircraft engine after it is in operation. Long-Lived Tangible \& Intangible Assets For each of the following items, indicate whether the payment should be capitalized as part of a long-lived asset or expensed. Circle Cap for capitalized or Exp for expensed. 39. Cap Exp Expenditure for installing machinery. 40. Cap Exp Expenditure for insurance on machinery after it is in operation. 41. Cap Exp Payment of delinquent taxes on a newly purchased building (taxes were delinquent at the date of purchase of the building). 42. Cap Exp Expenditure for extensive plumbing repairs to make a newly purchased building usable. 43. Cap Exp Sales tax on new machinery just purchased. 44. Cap Exp Payment for the right to operating a Hampton Inn. 45. Cap Exp Expenditure for a major overhaul that restores an aircraft engine to its original condition and extends it useful life. 46. Cap Exp Expenditure for an addition to a building that is leased for 20 years. 47. Cap Exp Amount paid for a business in excess of the appraised value of the net assets. 48. Cap Exp Ordinary repair to an aircraft engine after it is in operation