Write a 260- to 350-word summary of this week's readings.

Describe major concepts you learned.

Explain how you can apply what you learned to your current or future workplace.

3.1 Determine what constitutes a property, plant, or equipment asset.

3.2 Calculate depreciation under various methods.

3.3 Explain the accounting issues related to fixed assets and intangibles.

3.4 Discuss asset impairment and the required accounting for impairments.