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Question description

Questions:

1.  Please define cost allocation for operational assets. What are the various time-based and activity-based methods used to allocate these costs? How does cost allocation differ for fixed assets, intangible assets, and natural resources?

2.  What is impairment of operational assets? How do we determine whether an impairment exists? How do we calculate the impairment loss? Goodwill impairment has special accounting rules. Please analyze SFAS No. 142 and its provisions relative to goodwill.

3.  Keep your eyes and ears open as you read or listen to the news this week. Find/discover an example of statistics in the news to discuss the following statement that represents one of the objectives of statistics analysis: “Statistics helps us make decisions based on data analysis.” Briefly discuss how the news item or article meets this objective. Cite your references.


Tutor Answer

(Top Tutor) Daniel C.
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School: Boston College
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