1. When are subsequent expenditures related to operational assets capitalized?
 
 
 
 
 
 

2. What factors affect the useful life of an asset?
 
 
 
 
 
 

3. Which intangible assets are amortized? If goodwill is not amortized, how is it accounted for?
 
 
 
 
 
 

4. What is impairment in value of operational assets? How are impairments accounted for?