week 3 prompts - Ashford 4 Week 3(Jun 03 Jun 09 Overview...

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Ashford 4: - Week 3 (Jun 03 - Jun 09)Overview AssignmentDue DateFormatGrading PercentLIFO vs. FIFODay 3(1st post)Discussion3Depreciation Day 3(1st post)Discussion3 InventoryDay 7Assignment8Note: The online classroom is designed to time students out after 90 minutes of inactivity. Because of this, we strongly suggest that you compose your work in a word processing program and copy and paste it into the discussion post when you are ready to submit it.Learning OutcomesThis week students will: 1.Explain the basics of recording inventory purchases and sales. 2.Apply FIFO, LIFO, and moving average inventory costing assumptions. 3.Analyze conceptual and applied issues pertaining to alternative depreciation methods. 4.Apply transactions related to the disposal of assets. IntroductionThe concept of inventory is fairly simple to understand. A company purchases inventory it is recorded as an assets. What happens if the cost of the inventory increases? What happens if the

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