Access the FASB's Codification Research System at the FASB website (www.fasb.org). Determine the specific citation for each

Question:

Access the FASB's Codification Research System at the FASB website (www.fasb.org). Determine the specific citation for each of the following items:

1. Depreciation involves a systematic and rational allocation of cost rather than a process of valuation.
2. The calculation of an impairment loss for property, plant, and equipment.
3. Accounting for a change in depreciation method.
4. should not be amortized.

Goodwill
Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of...