A fixed asset typically goes through the life cycle of acquisition, usage, and disposal. For each of these stages of the life cycle, discuss one key accounting issue related to a fixed asset the company must address.

Depreciation methods

Depreciation methods

IRS’ MACRS table

IRS’ MACRS depreciation

Depletion of natural resources

Depletion accounting

Amortization of intangible assets

Amortization of intangible assets

Asset impairment

Impairment of long-term assets

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