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In a short essay, list and discuss the two developments in information technology that seem to be having the most significant impact on current managerial communication.
Depreciation Expense
Segmenting the cost related to a physical asset through its active life.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded for an asset since it was acquired, representing how much of the asset's value has been used up.
Balances
The figures that represent the difference between the sum of debits and credits in an account.
Expense Recognition
The accounting principle that expenses are recorded and reported in the same period as the revenues they help to generate, ensuring accurate financial statements.
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