• DiscussionQuestion 1:As a manager or owner, what insight can accounting information about accounts receivable and bad debts provide you to help make business decisions?
• Discussion Question 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?
• Discussion Question 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.
• Discussion Question 4:Why do employerpayroll taxesaffect business profits and liabilities but employeepayroll withholdingsaffect only liabilities.