Describe methods that companies can implement to depreciate


Discussion Post: Principles of Accounting

• On your own words, describe the methods that companies can implement to depreciate plant assets.

• On June 1, 2020, ABC Company signed a $25,000, 120-day, 6% note payable to cover a past due account payable.

o What is the total amount of interest to be paid on this note?

o Prepare ABC Company's general journal entry to record the issuance of the note payable

o Prepare ABC Company's general journal entry to record the payment of the note on September 29, 2020.

• What are the differences between sole proprietorship and corporation?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Accounting Basics: Describe methods that companies can implement to depreciate
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