Please Answer All Questions, not just the first one.

1. All of the following should be capitalized as part of PP&E
   1. Interest Associated with External Financing
   2. Disposal Costs to Remove Previous Structure
   3. Repair of HVAC
   4. Shipment Costs to Factory
2. Newts Magical Beasts, LLC recorded Revenue of $100K and Total Costs of $80K. Assets were $25k and $50k at the begging and ending of the year, respectively. Calculate ROA
   1. 400%
   2. 80%
   3. 40%
   4. 53%
3. Land is depreciated using the following useful life
   1. 3-5years
   2. 5-10 years
   3. None
   4. A or B
4. Depreciation for tax purposes is calculated using the following method:
   1. Activity Method
   2. MACRS
   3. Double Declining
   4. Straight-Life
5. Equipment purchased for $100,000 with a 5 year useful life and $10,000 salvage value is determined to be able to produce 90,000 unites its life time. Assuming the activity method is used, what is the Depreciation Expense in Year 3 if 20,000 units were produced?
   1. 9,000
   2. 18,000
   3. 22,222
   4. 20,000
6. Depreciation is due to wear/tear related to the asset
   1. True
   2. False
7. All the following may be capitalized, except
   1. Purchased Brand Recognition
   2. Internally Generated R&D
   3. Legal Costs to Defend Patent
   4. A Franchise Fee for 5 Year Operation
8. When capitalizing definite-lived intangibles, all of the following are increased except:
   1. Future Amortization
   2. Intangible Asset
   3. Current Assets
   4. Long-Term Assets
9. A trademark must be renewed every
   1. 5 years
   2. 10 years
   3. 15 years
   4. 20 years
10. Patents are good for
    1. 3 years
    2. 5 years
    3. 10 years
    4. 20 years
11. Purchased Goodwill is calculated as the purchase price less __________ .
    1. Fair Market Value
    2. Book Value
    3. Fixed Assets
    4. Management Assumptions