Category: Business and Management : Accounting

Part 1. Respond in 3-4 sentences There are several types of assets: personal, real, intangible, and natural resources. With this knowledge it is important to understand that there are different cost recovery (depreciation) methods for each. Choose a type of asset and describe what it is and please provide at least 2-3 examples. Describe the…

The process starts when customer sends purchase orders (PO)and/or checks (CK) and remittance advices (RA) to the mail room of Halloween Express. A clerk sorts the mail items and based on the order decides to either 1) reconcile the checks and the RAs and prepares a remittance list (RL), or 2) forward the PO to…