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Why do we allocate the costs of PPE & intangibles over time? How do PPE/Intangible-related estimates and accounting choices affect the balance sheets and income

  • Why do we allocate the costs of PPE & intangibles over time?
  • How do PPE/Intangible-related estimates and accounting choices affect the balance sheets and income statements of entities?
  • Why are impairment tests and adjustments done for PPE/Intangibles?
  • What is peculiar about the 2-step process for asset impairments?

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