1. Asset Impairment Obligations FAS144; Find the pronouncement related to the impairment of tangible assets. Provide a summary, at a high level, of when an impairment has occurred and the impairment process related to tangible assets.
2. Discussion: is the recording of PP&E, and the subsequent cost allocation, informative? What is theoretically more appropriate? Are our standards for impairment too conservative?
3. Is the classification and reporting of investments appropriate and relevant to users? If not, what would be more appropriate? Is the fair value option a good direction for the FASB?
4. Do you agree with the current rules for recording intangibles? Should we sacrifice some reliability to present a better picture of the economic resources of the business? What do you think about the current recording of goodwill?