For this assignment, you are required to post a report describing your initial impression of Accounting.
The following questions must be answered in the report to receive full credit:
- Define and explain two common types of receivables.
- Why does a business depreciate?
- What are three methods of depreciation?
- Provide the formula for each of the three methods of depreciation along with an example and rationale for use.
- Example would be straight line depreciation, provide the formula, and why a business would chose to use it.