WK4+TeamB+The+Objectives+learned+during+Week3

WK4+TeamB+The+Objectives+learned+during+Week3 - Running...

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Running Header: OBJECTIVES OF WEEK THREE- TEAM B Objectives of Week Three – Team B (Jackie) Team B has analyzed the objectives for week three and answered the following questions: In Terms of the Balance Sheet, What is the Effect of Using Different Depreciation Methods ? In Terms of the Income Statement, What is the Effect of Using Different Depreciation Methods?
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OBJECTIVES OF WEEK THREE- TEAM C Depreciation is a non-cash expense, which means that it is an expense used on the income statement just like any other expense. The difference is that cash was not actually paid out for the expense. There are several methods of depreciation, each that has a slightly different goal. If bonus depreciation is elected, for instance, the company can use a greater percentage of the asset's depreciation in the current year. The same is true for a Section 179 expense, which allows the company, under certain conditions, to use the total amount of the asset as depreciation expense in the current year, and no depreciation expense in any remaining year, even though the
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This note was uploaded on 04/04/2012 for the course ACC 422 taught by Professor Susan during the Spring '08 term at University of Phoenix.

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WK4+TeamB+The+Objectives+learned+during+Week3 - Running...

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