3:46 .1 1. What are the two major types of long- term assets that require a periodic write off? Present examples of each, and indicate for each type of asset the termm that denotes the periodic write off to expense 2. In what way is land different from other plant assets? 3. In general, what amounts constitute the acquisition cost of plant assets? 4. Why is the recognition of depreciation expense necessary to match revenue and expense properly? 5. When is a plant asset considered to be impaired? How is an impairment loss calculated? 6. Identify two types of revenue expenditures. What is the proper accounting for revenue expenditures? 7. Identify two types of capital expenditures. What is the proper accounting for capital expenditures