Essay type

1. Discuss Property, plant & equipment and describe how it is accounted for. (Include what its nature is, when to recognize costs as PPE, how is it measured, what are the different classes, what different methods are involved, standards applicable and other relevant details you feel is important in understanding the item) 2. Discuss Intangible Assets and describe how it is accounted for. [Include what its nature is, when to recognize costs as PPE, how is it measured, what are the different classes, what different methods are involved, standards applicable and other relevant details you feel is important in understanding the item) 3. Discuss Investment Property and describe how it is accounted for. [Include what its nature is, when to recognize costs as PPE, how is it measured, what are the different classes, what different methods are involved, standards applicable and other relevant details you feel is important in understanding the item) 4. What do you think is the reason why there are many depreciation methods generally accepted in accounting for property, plant and equipment? Can we not agree to use one for all items of PPE? Do you agree? Why or why not? 5. If you were to start a business, among the assets covered by this topic, what asset will you prioritize acquiring? Why is it more important than the others you did not choose