Unit 7 Discussion Part 2

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Discussion topic 2: Commercial Damages

As the textbook authors point out, calculating commercial damages takes creative analysis as well as a step-by-step scientific approach. Each situation will be different.

  • What are the major categories of commercial damages?
  • Research one category and discuss what accounting records you would need to gather in order to perform the damage calculation.
  • Discuss the different approaches to damage calculations.
  • What calculation approach would you take in your example?
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