Define and explain two common types of receivables, assignment help

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.

300-400 words

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