The CEO attended a workshop on natural resources and intangible assets. He was confused on the difference between these two types of assets and how to write-off the cost of these assets.
He has asked you to make a presentation at the next Board of Directors meeting including the following:
| Grading Criteria | |
| 15% | explaining the meaning of these two assets |
| 15% | how these two types of assets are expensed. |
| 10% | how natural resources and intangible assets are reported for financial accounting purposes. |
| 10% | Explain the basic issues related to accounting for intangible assets |
| 10% | Show and cite examples of financial statements with either intangible assets or natural resources. |
| 20% | Choose two companies in the same industry and find their current annual reports.
|
| 20% | Additional research supporting the initial answer to the IP (at least two references) |
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