Does the book value of a fixed asset (cost minus accumulated
depreciation) communicate to a user what the asset is worth? Explain
why or why not.
Should the financial statements reflect the value of fixed assets? Explain
why or why not.
==============================================
ACC 422 Week 3 DQ 2
FOR MORE CLASSES VISIT
www.acc422nerd.com
What are the different methods used to calculate depreciation?
How does a company decide which method it should utilize?
How does its choice affect the financial statements?
Should companies standardize the method of depreciation to enhance
comparability? Explain your answer.
==============================================
ACC 422 Week 3 DQ 3
FOR MORE CLASSES VISIT
www.acc422nerd.com
What is an intangible asset?
Should all intangible assets be subject to amortization? Explain why or
why not.
Why are some intangible assets not amortized?
What is the implication to the financial statements?
==============================================