Question: 1.Can you please explain, in detail, the difference between the direct write-off method and the allowance method for receivables?Can you please show me an example

1.Can you please explain, in detail, the difference between the direct write-off method and the allowance method for receivables?Can you please show me an example journal entry for both of these?

2.Can you please explain, in detail, what the three methods of depreciation are?Can you provide a visual chart that shows the calculated the depreciation for a four years?

3.Can you explain how these three methods affect the income statement and the balance sheet?

4.Can you please explain, in detail, how disposals of plant assets accounted for?

5.Can you please explain, in detail, how natural resources and intangible assets are accounted for and explain why this is important?

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