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What estimates are included in the depreciation calculation

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Reference no: EM133009680

Question 1: What is depreciation? What estimates are included in the depreciation calculation? How might a company affect its net income through its calculation of depreciation?

Question 2: What is impairment? How do companies test assets for impairment? If an asset is impaired, how do companies "write them down"? Discuss the impact on the balance sheet, income statement and statement of cash flows.

Question 3: What is Goodwill? Find an example of Goodwill on a public company's balance sheet. Briefly discuss the disclosures related to Goodwill.

Reference no: EM133009680

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