Willis Taxi Service operates a fleet of 15 Ford Crown Victoria sedans. In 2020 they spent $3,000 on oil changes; $1,500 on tune ups; and $7,500 for three rebuilt engines which replaced worn out engines in three taxis. What will be charged to Maintenance Expense for 2020?

		c) $3,000
		d) $7,500
		b) $1,500
		a) $4,500

Which of these is NOT a criterion for capitalizing asset costs?

		c) The asset efficiency is enhanced
		b) The asset life is extended
		a) Cash is spent on the asset

Which of these is an NOT an intangible asset?

		c) Patent
		d) Goodwill
		b) Franchise
		a) Land