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    purchase of fixed assets, one-hundred-percent, deliverable,

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    As officers of One-Hundred-Percent Vitamin Co., Sally and Ed have hired you as an outside accountant to advise them on how the accounting treatment can affect their revenues and expenses.

    Deliverable Research and explain how leasing versus purchase of fixed assets would affect profit (either by increasing or decreasing profit). In addition, also designate which method is approved by GAAP.

    Summarize your findings in a 1-page word document and list references.

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    As officers of One-Hundred-Percent Vitamin Co., Sally and Ed have hired you as an outside accountant to advise them on how the accounting treatment can affect their revenues and expenses.

    Deliverable Research and explain how leasing versus purchase of fixed assets would affect profit (either by increasing or decreasing profit). In addition, also designate which method is approved by GAAP.

    From the perspective of accounting, leasing means that every lease payment is an expense. The effect of this expense is that it reduces the profit by the amount. Ultimately, this means that the retained earnings of the company are reduced in the balance ...

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