Refer to the FASB Codification. For each question, indicate precisely the sections of the Codification that provide the information for your response. That is, enter the code in the format: _ _ _ - _ _ - _ _ - _ _. Write the code for each paragraph used to respond.

1. Suppose XYZ Company wants to plan ahead for maintenance on its property. How would these accrued maintenance charges be reported?

2. How would XYZ know when to test an asset for impairment?

3. Suppose XYZ needs to ascertain the fair value of an asset. Describe alternate methods that XYZ can use to estimate fair value. What is the best evidence of fair value?