Answered You can buy a ready-made answer or pick a professional tutor to order an original one.
For your initial post, imagine you own a business and discuss the following information:Identify and describe your business for this assignment (e.g. Clothing Store, Landscaping business, Delivery ser
For your initial post, imagine you own a business and discuss the following information:
- Identify and describe your business for this assignment (e.g. Clothing Store, Landscaping business, Delivery service, or Restaurant).
- Give an example of a long-term asset that the business owns.
- Classify the asset (i.e. building, equipment, furniture & fixtures, etc.)
- What depreciation method will you use to depreciate this asset? Explain Why.
- How does depreciation affect the income statement and balance sheet?
- Explain how depreciation might affect your decisions to purchase expensive equipment or real estate.
- @
- 5213 orders completed
- ANSWER
-
Tutor has posted answer for $10.00. See answer's preview
* ******** and describe **** ******** for **** ********** *** Clothing Store *********** ******** ******** ******* ** Restaurant)I would ****** ****** ***** ******* ** ************ ** my business ***** ****** ***** ** *********** ******** ****** ******** **** ** ****** ****** ** ****** ** ********* Give ** example of * ********* ***** **** the ******** ******* tools ** **** ** the ********* ***** **** ** ********** ********* cables and ***** ***** related ********* ******** *** ***** (ie ******** equipment furniture & ******** etc)I ***** ******** *** ***** **** ********** What ************ ****** **** you use ** depreciate **** ****** ******* **** would ******** *** ***** of the production ****** ** ************ ***** it’s * ****** ***** ********* *** equipment ******* **** *** ****** to ******* **** tools **** longer **** **** ****** ********* ** quality *** purpose *** make5 How **** ************ ****** *** income statement and ******* ********* ************ ******* ******* *** income statement negatively ******* ****** an expense *** ****** *** *** income *** ************ impacts *** balance ***** ******* since ****** ***** cost minus leads ** *********** ************ The ****** are ******* ******** on ******* ***** ** *** ********** ************* costs they **** * Explain *** ************ might ****** your ********* to ******** ********* ********* or **** ****************** might **** an ****** on ** decisions ** ********** ********* equipment ** **** **** ****** since if ***** ** ******** **** ******** ** **** as ** depreciates ****** ** **** ****** ** *** useful **** ******* ******* ******** the **** ** equipment ** **** *** **** ****** **** ***** have ****** ************ rate ***** **** ** ****** purchasing decision ******