Methods of Depreciation and Disposal of Plant Assets

Methods of Depreciation and Disposal of Plant Assets

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?

How are disposals of plant assets accounted for?

How are natural resources and intangible assets accounted for?

Why is this important?