Your friend Uzma has just started a next-day home delivery business and she has purchased...
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Accounting
Your friend Uzma has just started a next-day home delivery business and she has purchased a new car for 25,000 to deliver goods to her customers. After talking to her accountant, she is still confused by the terminology and has asked you to clarify a few points.
1. Uzma would like you to explain what he means by depreciation and why she should calculate depreciation. (Up to 200 words)
2. Uzmas business plan states the business will make a profit in the first year. Does this mean her business will definitely have a positive cash balance at the end of her first year of trading? Ensure you support your answer with explanations to help Uzma understand why this might be. (Up to 225 words)
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