S-A E 302 In general, how does one determine whether or not an expenditure should be included in the acquisition cost of property, plant, and equipment? S-A E 303 Comment on the validity of...

S-A E 302

In general, how does one determine whether or not an expenditure should be included in the acquisition cost of property, plant, and equipment?

S-A E 303

Comment on the validity of the following statements: “As an asset loses its ability to provide services, cash needs to be set aside to replace it. Depreciation accomplishes this goal.”

S-A E 304

Goodwill is an unusual asset in that it cannot be sold individually apart from a business as a whole. If goodwill is an intangible asset, why can't it be sold like other intangible assets such as copyrights and patents? Briefly explain what makes goodwill different.