Accounting concepts, writing homework help

write up to 300-400 words .

The following questions must be answered in the report to receive full credit:

Define and explain two common types of receivables.
Why does a business depreciate?
What are three methods of depreciation?
Provide the formula for each of the three methods of depreciation along with an example and rationale for use.
Example would be straight line depreciation, provide the formula, and why a business would chose to use it.