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  3. in 100 to 150 words, explain the following: why i

In 100 to 150 words, explain the following: Why is the direct write-off method...

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Accounting

In 100 to 150 words, explain the following:

  • Why is the direct write-off method not permitted under GAAP or IFRS?
  • Why is the allowance method, which is neither simple nor apparently more logical and relies largely on estimates rather than known events, approved under both sets of standards?

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