DeVry ACCT 305 Week 1 DQs

DQ-1) Let's begin by defining operational assets and identifying what they are used for in a business. Also, how do operational assets differ from other types of assets? It can be helpful to think of an operational asset that you might have seen in one of your jobs. 

DQ-2) Please begin by defining dispositions and exchanges and providing a detailed example of each. Also, what is commercial substance and how does it impact nonmonetary exchanges?