week 5 2x discussions

Discussion 1

Make sure your response addressing the following questions is more than 200 words and that you include an in-text citation or a brief quote from the reading material where appropriate.

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?

  • Discussion 2

Make sure your response addressing the following questions is more than 200 words and that you include an in-text citation or a brief quote from the reading material where appropriate.

  • How are disposals of plant assets accounted for?

How are natural resources and intangible assets accounted for? Why is this important?