Explain two common types of receivables.

Primary Task Response: Within the Discussion Board area, write up to 300-400 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

For this assignment, you are required to post a report describing your initial impression of Accounting and Intellipath.

The following questions must be answered in the report to receive full credit:

  • Define and explain two common types of receivables.
  • Why does a business depreciate?
  • What are three methods of depreciation?
  • Provide the formula for each of the three methods of depreciation along with an example and rationale for use.
  • Example would be straight line depreciation, provide the formula, and why a business would chose to use it.

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