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Part A The owner of Max-Mix allocates the entire cost of a new delivery vehide, which had a cost of $30,000 to motor vehicle expenses

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Part A The owner of Max-Mix allocates the entire cost of a new delivery vehide, which had a cost of $30,000 to motor vehicle expenses in the year the delivery vehicle was bought. With reference to accounting ncepts, discuss whether you agree with this accounting treatment. + + Part B Explain the difference between Cash accounting and Accrual accounting. You also need to explain, based on the Conceptual Framework, which is the correct way to record transactions (cash or accrual accounting) and why this is the case

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