1. Why do most companies use the straight line depreciation method? 2. Give several examples of intangible assets. In what balance sheet category should intangible assets appear? 3. Define the term...

1. Why do most companies use the straight line depreciation method?

2. Give several examples of intangible assets. In what balance sheet category should intangible assets appear?

3. Define the term goodwill. Give an example of a transaction that would result in the recording of goodwill on the balance sheet.