Question: What is the difference between the direct write-off method and the allowance method for receivables? Give example journal entries for both. What are the three

What is the difference between the direct write-off method and the allowance method for receivables? Give example journal entries for both.

What are the three methods of depreciation? Develop a chart using an example of your choice and calculate the depreciation for 4 years. How do the three methods affect the income statement and the balance sheet?

How are disposals of plant assets accounted for? How are natural resources and intangible assets accounted for? Why is this important?

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