### Depreciation calculation procedures

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Suppose the company changed its depreciation calculation procedures (still within GAAP) such that its depreciation expense doubled. How would this change affect Brandywine's net income, total profit margin, and cash flow?

Explain the difference between cash and accrual accounting. Be sure to include a discussion of the revenue recognition and matching principles.

Explain the difference between equity section of a not-for-profit business and an investor-owned business.

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