26. What term is used for the process of expense allocation of natural resources? 27. Describe what is meant by the term "goodwill." 28. For what types of assets is the...

26. What term is used for the process of expense allocation of natural resources?

27. Describe what is meant by the term "goodwill."

28. For what types of assets is the recognition of expense called "amortization?"

29. Explain the meaning of the terms "tangible" and "intangible" and discuss how these terms are used in describing assets.

30. Explain the meaning of "impairment" as used in accounting for goodwill.