Cost Allocation and Measurement
Please define cost allocation for operational assets. What are the various time-based and activity-based methods used to allocate these costs? How does cost allocation differ for fixed assets, intangible assets, and natural resources?
Impairment of Operational Assets
What is impairment of operational assets? How do we determine whether an impairment exists? How do we calculate the impairment loss? Goodwill impairment has special accounting rules. How does an impairment of goodwill differ from impairments associated with other intangible assets?