1.There are several issues related to accounting for notes receivable. Identify these five issues and choose one to discuss in further detail.

2.What is the difference between revenue expenditures and capital expenditures during a useful life? Are there similarities?

3.What is an intangible asset? Compare and contrast intangible assets to plant assets.

4.Is depreciation a method of valuation or allocation? Explain.

5.Explain how bad debts are accounted for under the direct write-off method?