Financial Accounting Discussion Questions
**does not need to be in APA or no min word count**
DQ# 1
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- How are bad debts accounted for under the direct write-off method? ;What are the disadvantages of this method?
- Why would you select the percentage of sales method for calculating doubtful accounts instead of the percentage of receivables method? ; What are disadvantages and advantages of each of these methods of accounting for bad debts?
DQ#2 ;
- What are the basic/important issues related to accounting for intangible assets?
- Pendergrass Company hires an accounting intern who says that intangible assets should always be amortized over their legal lives. Is the intern correct? ;Explain why (or why not).