READING VERIFICATION FORM ‑ CHAPTER 10
Spiceland, Sepe, and Tomassini

Revised January 2007

1. When should a company record an asset retirement obligation? How should the obligation be measured?

2. When are gains and losses recognized in an exchange of nonmonetary assets if the exchange lacks commercial substance?

3. What is the only way a company can record goodwill as an asset?

4. Under what circumstances can a company capitalize and amortize R & D costs?