What are the answers ?

Question One MCQI Gutierrez Company is constructing a building. Construction began in 2015 and the building was completed 12/31/15. Gutierrez made payments to the construction company of $1,500,000 on 7/1, $3,300,000 on 9/1, and $3,000,000 on 12/31. Average accumulated expenditures were a. $1,575,000. b. $1,850,000 $4,800,000. $7,800,000. MCQ2 Plant assets purchased on long-term credit contrcis should be accounted for at a. the total value of the future payments. b. the future amount of the future payments. the present value of the future payments d. none of these answer choices are correct. 500, 000 x7/12 3,300,000x 9/12 21000,900x 02 875,o 00 2AT6,000 C. MCQ3 Gardner Corporation purchased a truck at the beginning of 2015 for $75,000. The truck is estimated to have a residual value of 3,000 and a useful life of 120,000 miles. It was driven 18,000 miles in 2015 and 32,000 miles in 2016. What is the depreciation expense for 2016? a. $20,000 b $53,333 $19,200 d. $32,000 MCQ4 Which of the following is not an intangible asset? a. Trade name 6Research and development costs c. Franchise d. Copyrights MCQ5 The intangible asset goodwill may be capitalized only when purchased. 6capitalized either when purchased or created internally. c. capitalized only when created internally. d. written off directly to retained earnings. a