1. How may the maturity date of a promissory note be stated? The maturity date of a promissory note may be stated in 3, 4 or 5 ways?

2. Andrew is studying for the next accounting examination. He asks your help on the following question. Is salvage value used in determining periodic depreciation under each depreciation method? Yes or no?

3. Rowand Company hires an accounting intern who says that intangible assets should always be amortized over their legal lives. Is the intern correct or not correct?