Question: 1.- How often can companies change depreciation methods? 2.- Do you depreciate Intangible Assets? 3.- Company purchase the following on May 01, 2012 a) Copyrights

1.- How often can companies change depreciation methods? 2.- Do you depreciate Intangible Assets? 3.- Company purchase the following on May 01, 2012 a) Copyrights $10,000.00 b) Franchise. 25,000.00 (On Account) c) Patents 50,000.00 Recognize transaction and amortize 1st month of patents

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