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Depreciation expense and accumulated depreciation are two important terms in accounting. depreciation expense is a periodic expense that businesses recognize as they use, or “depreciate,” their fixed assets. accumulated depreciation, on the other hand, is a cumulative amount that reflects the total depreciation recognized to date for a particular asset. Both of these concepts deal … Read more
Commodities are raw materials like gold, silver, and oil. Stocks are shares in a corporation that represents ownership of the company. Commodity prices fluctuate based on supply and demand whereas stocks can be priced at whatever value investors choose. Investors buy commodities because they believe their price will go up over time whereas stock buyers … Read more
Whether you can get bank statements from 10 years ago depends on the bank where your account is. Usually, banks keep customers’ bank statements for a period of seven years. So, you should contact your bank and find out the reality. Overview of banks’ record-keeping policies Banks generally have record-keeping policies in place to maintain and … Read more
It is possible to deposit someone else’s check into your Bank of America account, but it comes with risks and potential consequences. Before doing so, it’s essential to understand Bank of America’s check deposit policies and the steps to follow to deposit a third-party check. Understanding Bank of America’s Check Deposit Policies Before we dive … Read more
Stimulus checks are typically issued to individuals and are meant to be deposited or cashed by the intended recipient. However, you should keep in mind that another person can cash your stimulus check with or without your consent. So, if you lose your Stimulus check then somebody can commit fraud. Is It Possible for Someone … Read more
Whether or not you can deposit a money order at an ATM depends on the policies and capabilities of the specific bank or financial institution that operates the ATM. Generally, many ATMs allow you to deposit money orders, but it’s always best to check with your bank or the ATM owner to confirm their specific … Read more