1) Summarize the accounting rules that allow some but not all potential intangibles to be capitalized on the balance she

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1) Summarize the accounting rules that allow some but not all potential intangibles to be capitalized on the balance she

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1) Summarize the accounting rules that allow some but not allpotential intangibles to be capitalized on the balancesheet. Explain why current accounting forintangibles is problematic and why the problem is difficult toaddress?
2)What is the purpose of recognizing depreciation on thefinancial statements? Is it designed to report PPE at fairvalue on the balance sheet?
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