uop acc291 week 2 all discussions [ total 3 ]

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Week Two Discussion Questions 1

·
What are the differences among
valuation, depreciation, amortization, and depletion? Is it appropriate to
calculate depreciation using two different methods? Why?

·
Which depreciation method
provides you with the highest depreciation expense in the first year? Why?

2 dissn

·
What types of industries have
unearned revenue? Why is unearned revenue considered a liability? When is the
unearned revenue recognized in the financial statements?

·
Why do companies issue bonds?
Would you rather buy a bond at a discount or a premium rate? Why? What is the
determining factor of whether a bond is sold at a discount, face value, or
premium?

3 disscn

·
What is the straight-line
method of amortizing discount and premium on bonds payable? Provide an
explanation of the process.

·
How would you describe the
accounting procedures for notes payable and accounts payable?

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