methods of depreciation

1.

  • What are the three methods of depreciation?
  • Develop a chart using an example of your choice and calculate the depreciation for 4 years.
  • How do the three methods affect the income statement and the balance sheet?

2.

  • How are disposals of plant assets accounted for?
  • How are natural resources and intangible assets accounted for? Why is this important?

Make sure your response addressing the following questions include an in-text citation or a brief quote from the reading material where appropriate.

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