In this file ACC 541 Week 2 – Discussion Questions and Summary you will find:
DQ1: What are the four criteria used for determining if a lease is to be treated as a capital lease? (This question can be expanded to discuss the income statement and balance sheet implications of both a capital lease and an operating lease.)
DQ2: Under current GAAP, goodwill is recorded when purchased.
Debate: Present arguments in favor or against the capitalization of “purchased” goodwill. You may consider tying your arguments to theories of capital maintenance and/or the Conceptual Framework.
Summary: Please post your Weekly Summary here. It needs to be a summary of what you learned, liked or disliked etc