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Depreciable assets and uncollectible accounts expense

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Mr. Blowhard's scheme affects the amount of income because it will reduce current period expenditures by capitalizing current cost over a long period of time. The scheme that Mr. Blowhard is pulling is very unlawful, because it violates his principals in his balance sheets. To report useful financial information on a timely basis, accountants must make estimates of future results, such as salvage value and useful life of depreciable assets and uncollectible accounts expense (Edmonds, olds & McNair, 2012).

Personally, there are ways to adjust your financial records but it's still illegal.

Reference no: EM13925724

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