300-400 words

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.