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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