Question: Briefly answer the following: 1) Explain the difference between Net Realizable Value and Net Book Value 2) Define The terms estimated useful life, salvage value,

Briefly answer the following: 1) Explain the difference between Net Realizable Value and Net Book Value 2) Define The terms "estimated useful life", "salvage value", and "Goods available for sale" 3) Define at least 3 differences between Accounts receivable and notes receivable 4) Accounting is considered "the language of business" why do you think that's true ?

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