Calculate depreciation.
Calculation should include listing depreciable assets and calculating straight-line and other methods of depreciation.
Process/Skill Questions:
- What is depreciation?
- How does one calculate depreciation, using the straight-line method?
- How does one determine which assets are depreciable?
- How is life expectancy of equipment determined when calculating depreciation?
- How does depreciation affect taxes?
- What items depreciate the fastest?