Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1-depreciation, amortization, and depletion are wa

1-Depreciation, Amortization, and Depletion are ways to expense long term assets over time. Create a...

70.2K

Verified Solution

Question

Accounting

1-Depreciation, Amortization, and Depletion are ways to expense long term assets over time. Create a chart or table, and match each (Depreciation, Amortization, and Depletion) with its respective underlying long term asset, selecting from Intangible Assets, Natural Resources, and Fixed Assets. Why do companies write off these assets over time? How does this expensing effect the Statement of Cash Flows? Your answer should be at least 5 sentences. (This is also checking your ability to create a chart or table in Excel.)

2-Are there differing ways to account for Goodwill based on whether it is generated in house, or part of a purchase? Describe using at least 3 sentences.

3-When should a company capitalize the purchase of an asset, describe using at least 3 sentences, considering how long the asset will last..

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Professor's annuity Corp. Offers a life time annuity to retiring professors. for a payment of 80,000...

Advance Math
1.2K views

Consider an initial value problem              ??? + 2? = ?(?) = cos? (0 ? ? < ?)...

Advance Math
1.2K views

How many non-isomorphic 5-vertex connected planar graphs are there? Use Sage to produce / depict them. Include...

Biology
1.2K views

Read the following sentence from NIH Clinical Trials gov Prospective Study of Possible Infectious Disease...

Physics
1.2K views

shape of conducting wire PQRS as shown in figure placed in a uniform magnetic field...

Geometry
1.2K views

J B 74 3 a 859 m b 783 m

Basic Math
1.2K views

Mr. Hann is trying to decide how many new copies of abook to order for...

Accounting
1.2K views

Blossom Creations purchased 7100 feet of copper tubing at a price of $2.70 per foot...

Accounting
1.2K views

Troy Engines, Limited, manufactures a variety of engines for use in heavy equipment. The company...

Accounting
1.2K views

Roy transfers property with a tax basis of $800 and a fair market value of...

Accounting
1.2K views

2014 2012 2011 2013 $564,499 $364,193 $291,354 $203,034 $ 148,200 2015 Sales 99,056 71,136 Cost...

Accounting
1.2K views

Bramble Manufacturing has budgeted the following unit sales: 2022 Units April 25,000 May 45,000 June...