Week 5 Discussion 1,2 - What are the three methods of depreciation

Week 5

Dq1

Write: 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 four years.

• Select two different depreciation methods and prepare a chart showing the effects the depreciation method has on net income and total assets.

Guided Response: Respond to at least two of your classmates by commenting on their posts.

Though two replies are the basic expectation for class discussions, for deeper engagement and learning you are encouraged to provide responses to any comments or questions others have given to you. Continuing to engage with peers and the instructor will further the conversation and provide you with opportunities to demonstrate your content expertise, critical thinking, and real-world experiences with the discussion topics.

Dq2

Write: 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?

• (1) Explain the difference between depreciation, amortization, and depletion, and (2) explain which accounts use these methods.