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Accounting

1. I've always noticed certain vehicles (primarily imports) tend to hold their value longer than others. How will or does this affect when depreciation a vehicle especially if you use the depreciation calculator for this method. Wouldn't it conflict with the value of the vehicle when you research this information in Kelly Blue Book or NADA? I'm a bit puzzled.

2. I came across an article title "The Basics of Balance Sheets" by the Inc organization. I found it interesting that the article mentioned balance sheets can identify and help analyze trends with relation to receivables and payables. Furthermore, balance sheets can help identify if receivable cycles increase, require aggressive collection, have certain debt that is outstanding, and if the business has been slowing down payables to delay cash shortage. Can anyone attest to this statement?

http://www.inc.com/articles/2000/05/18941.html

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1. I've always noticed certain vehicles (primarily imports) tend to hold their value longer than others. How will or does this affect when depreciation a vehicle especially if you use the depreciation calculator for this method. Wouldn't it conflict with the value of the vehicle when you research this information in Kelly Blue Book or NADA? I'm a bit puzzled.

This should not conflict because the depreciation is present, and the standard is the same for accounting when it comes to cars. The Kelly Blue Book and the NADA are used a reference in order to make sure that the accounting methods are used accurately in order to make sure that one is on track. For example, if my car was worth $35,000, then in ten ...

Solution Summary

This solution discussed vehicle costs, and provided an opinion of an article.

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