1. Is the restoration of an impairment loss for PP&E allowed for an asset held for disposal?

2. Which of the following is not a characteristic of all intangible assets? a) long term in nature; b) lack physical existence; c) represent an entity's rights and privileges; d)amortized over the intangible asset's legal life

3. The value of Goodwill is the excess of a)the purchase price over the book value of tangible and identifiable intangible net assets acquired. b)the purchase price over the fair value of tangible and identifiable intangible net assets acquired. c)the purchase price over the original historical cost of the tangible net assets acquired. d)None of the above