Acc 422 Week 4 Analysis
Week Four Team Reflection
Tara Bolton, Misty Lambou, Kenneth Maxwell, Jeanette Platt
ACC/422
November 26, 2012
Instructor: Don Minyard
Week Four Team Reflection
During Week Four Team D discussed the objectives learned in Week Three. In the following paragraphs, Team D will provide examples of the effect of using different depreciation methods and its effects of decision-making by the management. Team D will also analyze why reporting intangible assets are challenging for accountants.
Depreciation is a way for a company to reduce the value of a tangible asset over its useful life. Assets such as buildings, equipment, vehicles, and machinery should be depreciated. The amount of depreciation expense is provided on the income statement during
Tara Bolton, Misty Lambou, Kenneth Maxwell, Jeanette Platt
ACC/422
November 26, 2012
Instructor: Don Minyard
Week Four Team Reflection
During Week Four Team D discussed the objectives learned in Week Three. In the following paragraphs, Team D will provide examples of the effect of using different depreciation methods and its effects of decision-making by the management. Team D will also analyze why reporting intangible assets are challenging for accountants.
Depreciation is a way for a company to reduce the value of a tangible asset over its useful life. Assets such as buildings, equipment, vehicles, and machinery should be depreciated. The amount of depreciation expense is provided on the income statement during