What are some advantages and disadvantages to using XBRL? How are XBRL tags helpful?

Please discuss some objectives involved with processing revenue and expenditure transactions in an AIS.

Forecasting Cash Payments and Receipts in crucial to effective Cash management. What parts of an AIS can assist with this process in your opinion?

Why would some companies choose to have payroll processed by an external vendor rather than process payroll internally?

As you know, each amount on a Balance Sheet must be provable. One way that accountants can "prove" that a fixed asset's listed amount is correct in the AIS is to maintain a Fixed Assets Book in Excel. The Fixed Asset Book contains copies of purchase receipts/invoices for each asset; also included in the book is a depreciation schedule for each asset, so that the carrying amount and the monthly depreciation expense for each asset matches the amounts noted in the AIS. In Excel, please construct a depreciation schedule for the following asset and note the asset's carrying amount and the monthly depreciation expense for the period ending March 31, 2024.

Asset: Delivery Vehicle

Cost: $55,000

Salvage Value: $7,500

Expected Life: 6 years

Acquisition Date: 31 October, 2019

Please provide Calculations in excel and show how you got them.