ACCT 495 Assignment 6-1: Year Two Group Paper 50 points Purpose To assess your ability to: â€¢ recommend year-end financial statements and disclosure notes â€¢ analyze deferred taxes â€¢ calculate property depreciation (fractional and tax depreciation methods) â€¢ assess accounting for bad debts â€¢ evaluate treatment of notes payable (amortization schedules and expense accruals) Overview To accomplish this assignment, you will be producing an assignment that is structured utilizing the I.R.A.C. method. As a reminder, I.R.A.C. is an acronym for: 1. Issue(s) 2. Rule(s) 3. Analysis 4. Conclusion
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