Prior to beginning work on this discussion, read Chapter 10 in the textbook. In addition, the MyLab materials listed in the Recommended Resources section this week may provide more in-depth information for this discussion (optional).

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 4 years.
  • How do the three methods affect the income statement and the balance sheet?