41.U. S. GAAP requires a company to capitalize goodwill and adjust its value if subject to impairment. 42.An oil reserve is depreciated because of physical deterioration or obsolescence. ...

41.U. S. GAAP requires a company to capitalize goodwill and adjust its value if subject to impairment.

42.An oil reserve is depreciated because of physical deterioration or obsolescence.

43.A coal mine is regarded as an underground inventory of coal and is recorded as a current asset, Underground Coal Inventory, in the balance sheet.

44.Accumulated depletion is a contra-equity account and is recorded in the stockholders' equity section of the balance sheet.

45.Amortization expense increases net income and reduces cash flows from investing activities.

46.The write-down of an impaired asset is treated as a cash outflow from investing activities.