Accounting questions:

a) Other than tax reasons, clearly explain ONE possible reason why a company might select an accelerated depreciation method for financial reporting purposes.

b) Give an example of an intangible asset other than Goodwill. Explain how the accounting for this intangible affects all of the financial statements. Please use accounting terminology.

c) Provide an example of a natural resource (long-term asset) and identify the term used to reflect the allocation of the cost of this asset over time.

d) What was the main reason the FASB created the rules for leases > 1 year? Please be clear.

e) Explain how and WHY depreciation expense is handled the way it is on the Statement of Cash Flows under the indirect method. Can you be clear, please?