1. Under what circumstances should interest be capitalized as part of the cost of an asset? 2. What factors may contribute to the decline in usefulness of operating assets? Should the choice of...

1. Under what circumstances should interest be capitalized as part of the cost of an asset?

2. What factors may contribute to the decline in usefulness of operating assets? Should the choice of depreciation method be related to these factors? Must a company choose just one method of depreciation for all assets?