Depreciation Method Assignment
You might have been employed by a high-growth startup firm to help within the willpower of what depreciation methodology to make use of for monetary accounting reporting. The corporate’s fastened belongings are equally divided amongst high-tech gear (closely used within the preliminary years).
1. Can the corporate choose completely different strategies of depreciation for monetary reporting and what strategies can be utilized for monetary reporting functions? 2. Clarify to administration what distinction it makes on the corporate’s monetary statements (touch upon all monetary statements affected by depreciation) which methodology of depreciation is used. three. Which methodology(s) of depreciation would you suggest and why? Get Accounting homework help
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