Please, I need full explanation and correct answers. Thank you. 1) What characteristics distinguish capital assets...

Please, I need full explanation and correct answers. Thank you.

1) What characteristics distinguish capital assets from inventory?

2) What does it mean when a capital asset (such as equipment) is impaired?

3) For each type of business, explain how the capital asset (PP&E) contributes to generating revenue by the business:

Business	Type of Asset
Lawn care	Lawn mower
Jewellery store	Zamboni
Arena	Display cases
Doctors office	Waiting room furniture
Auto parts manufacturer	Warehouse

Expert Solution

ekkarill92 answered 2 years ago

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