Answer in one sentence, preferably in yourAnswer below (label your answer numbers and own voice. sources) Q 11-12 Define depletion and compare it with depreciation. Q 11-13 Compare and contrast amortization of intangible assets with depreciation and depletion. Q 11-14 What are some of the simplifying conventions a company can use to calculate depreciation for partial years? Q 11-15 Explain the accounting treatment required when a change is made to the estimated service life of a machine. Q12 Q15 Q18 Q 11-18 Explain what is meant by the impairment of the value of property, plant, and equipment and intangible assets. How should these impairments be accounted for? Q 11-19 Explain the differences in the accounting treatment of repairs and maintenance additions, improvements, and rearrangements Q 11-20 IFRS Identify any differences between U.S. GAAP and International Financial Reporting Standards in the subsequent valuation of property, plant, and equipment and intangible assets Q 11-21 IFRS Briefly explain the difference between U.S. GAAP and IFRS in the measurement of an impairment loss for property, plant, and equipment and finite- life intangible assets Q 11-22 20 IFRS Briefly explain the differences between U.S. GAAP and IFRS in the measurement of an impairment loss for goodwill Q 11-23 Answer in one sentence, preferably in yourAnswer below (label your answer numbers and own voice. sources) Q 11-12 Define depletion and compare it with depreciation. Q 11-13 Compare and contrast amortization of intangible assets with depreciation and depletion. Q 11-14 What are some of the simplifying conventions a company can use to calculate depreciation for partial years? Q 11-15 Explain the accounting treatment required when a change is made to the estimated service life of a machine. Q12 Q15 Q18 Q 11-18 Explain what is meant by the impairment of the value of property, plant, and equipment and intangible assets. How should these impairments be accounted for? Q 11-19 Explain the differences in the accounting treatment of repairs and maintenance additions, improvements, and rearrangements Q 11-20 IFRS Identify any differences between U.S. GAAP and International Financial Reporting Standards in the subsequent valuation of property, plant, and equipment and intangible assets Q 11-21 IFRS Briefly explain the difference between U.S. GAAP and IFRS in the measurement of an impairment loss for property, plant, and equipment and finite- life intangible assets Q 11-22 20 IFRS Briefly explain the differences between U.S. GAAP and IFRS in the measurement of an impairment loss for goodwill Q 11-23