please help with accounting

(vehicles, depreciation expense, note payable, accumulated depreciation, equipment, cash, repairs and maintenance)

The (loss/gain) on sale of this asset was ($200/$4,700/$2,200).

Your CPA advises that: (internally generated/capitalized/expensed) intangible assets cannot be (internally generated/capitalized/expensed) and must be (internally generated/capitalized/expensed).

Transactions Here are the transactions you have entered into during the month of August: 1. On August 1st, you purchase a truck (Vehicles account) for $12,000 by issuing a note payable for two years, carrying an interest rate of 5%. (Ignore interest calculations in this module). The truck has a residual value of 2,000 at the end of two years, and is depreciated using the units of production method. The estimated useful life of the truck in units is 200,000 miles. Record the purchase of the truck. Assuming the mileage on the truck for August was 10,000 miles, also record depreciation expense for the month of August. 2. On August 15th, you purchase a freezer (Equipment account) for $18,000 cash. The freezer has a useful life of 3 years, zero residual value, and is depreciated using the straight line method. Record the purchase of the freezer and partial month depreciation for August. 3. The truck needed an oil change and this was done on August 18 th for $250 and immediately paid in cash. Record this transaction making sure that you understand whether it should be expensed or capitalized. You can use the account Repairs and Maintenance to expense it, or Vehicles account if you capitalize it. Record the journal entries associated with the truck, freezer, and oil change. Commas will automatically populate for numerical anewers. Do not include dollar signs or decimals in your amounts. Record the partial month's depreciation expense for the freezer on Aucoust 31 . The book value of all the long term assets owned prior to August 1st was $15,800. Depreciation expense on these prior assets for the month of August was $500. Calculate the new book value of long-term assets, including the new assets purchased during August, and depreclation recorded on these new assets. Commas will automatically populate. Do not use decimals or dollar signs. Do not enter negative amounts. Assume that you sold an asset with an original cost of $7,000, and accumulated depreciation of $4,500 for cash proceeds of $2,300. The on sale of this asset was Your company is looking to create a patent for the lemonade process and have consulted your CPA. Your CPA advises that: intangible assets cannot be and must be