Reference no: EM132576634

Problem 1: As a manager or owner, what insight can accounting information about accounts receivable and bad debts provide you to help make business decisions?

Problem 2: Which depreciation method would choose if you acquired new machinery with a 10-year life in which expect to use it more in the earlier years of its useful life? Why?

Problem 3: For accounting and reporting purposes, is it really necessary to account for deprecation even though depreciation expense does not affect cash. (non-cash expense). Briefly explain.

Problem 4: Why do employer payroll taxes affect business profits and liabilities but employee payroll withholdings affect only liabilities