Give Two Examples of When Accountants Use Estimates to Derive

question 22

Essay

Give two examples of when accountants use estimates to derive the reported values of assets and briefly explain how those estimates are derived.

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Definitions:

Pelvic Inflammatory Disease

An infection of the female reproductive organs, usually caused by sexually transmitted bacteria, leading to symptoms such as pelvic pain.

Douching

The practice of rinsing or cleaning out the vagina with water or other mixtures of fluids, which is often discouraged by healthcare professionals due to risks of infection.

Cotton Underwear

Undergarments made from cotton fabric, recommended for their breathability and comfort, often advised for better genital health.

Menstrual Cramps

Painful sensations felt in the lower abdomen, often occurring before or during a menstrual period due to uterine contractions.