I’m stuck on a Accounting question and need an explanation.

This should be a substantive response to the topic(s) in your own words, referencing what you have discovered in your required reading and other learning activities.For citation guidelines, please refer to the table in the APA Style section of the syllabus.

DQ 1

Answer the following questions in depth ….

  1. Isn’t estimating bad debts a way of manipulating net income?
  2. How does a company keep control on these estimates?
  3. How does one go about determining if noncollectable receivables are within a reasonable range?
  4. DQ 2

    Answer the following questions in depth ….

    1. Why do accountants have to classify items as capital or revenue expenditures? Why do you treat exchanges of similar and dissimilar assets differently? Aren’t they all exchanges?
    2. Is it true that the higher the depreciation, the lower the net income? If that is the case, why would we not want the lowest depreciation method so we can show the highest net income?
    3. Why do we have various methods of depreciation? Isn’t that encouraging misleading results?

 

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