I’m working on a accounting discussion question and need an explanation and answer to help me learn.
Describe the important properties of fixed assets.
Compare and contrast the straight-line, units-of-activity, and double-declining balance depreciation methods.
- Describe the accounting for intangible assets, such as patents, copyrights, and goodwill.
- Describe current liabilities, including those related to accounts payable, accruals, notes payable, and the current portion of long-term debt.
