Cayla CLE SURF SHOP Study guide-Chapter 6 Brandor erences Mailings Review View Help Tell me what you want to do e. A. ::.la.. || 1Normal 'No Spac.. Heading 1 Heading 2 Title Suttit le Suttie En. Emphases inteise E 6) Know the accounting impact on the horizontal equation for the follawing entries: al Purchase of a Long Term Asset b) Depreciation of a long Term Asset c] Sale of a Long Term Asset 7) Review how to calculate the gain/lass on the sale of an asset and show how it impacts the Balante Sheet, Incorne Statement, and Statement of Cash Flows. 8) When can Goodwill be recorded? 9) How is the value of goodwill adjusted on the boaks? Study guide-Chapter& (with solutions) docx 10) Know in what circumstances each of the following are used: Depreciation Amortization Depletion sc