Accounting & Exam Prep Hub

Choose the correct U.S. GAAP impairment test for finite- and indefinite-life intangibles, calculate a write-down, and understand later amortization.

Learn when R&D-related equipment and materials are assets, how their use becomes expense, and how to avoid double-counting research costs.

Separate start-up activities from research, advertising, operating losses, and software spending. Practice the financial-reporting treatment with original examples.

Learn when goodwill is recorded, how fair values affect its calculation, and how to prepare the acquisition entry. Includes original examples and explained practice answers.

Calculate amortization, handle partial years and revised useful lives, and distinguish finite-life assets from indefinite-life assets. Includes explained practice answers.

Compare tax and financial-reporting depreciation using original numbers. See how annual expense, remaining basis, and disposal results differ while lifetime effects reconcile.

Follow natural-resource costs from the deposit to inventory and cost of goods sold. See balanced journal entries, a reconciliation, and practice questions.

Learn how to identify intangible assets and distinguish purchased costs from internal spending. Work through original journal entries and practice questions.

Work through the optional MACRS straight-line method, including first and final half years. Compare a complete schedule with accelerated MACRS and test your understanding.

Compare how oil and gas companies account for unsuccessful exploration, why reported profit can differ, and why full-cost capitalization has a ceiling.