1. What is time value of money? Give an example and illustrate 2. The 2 methods of calculating depreciation are Straight Line method and Written down value method. What will be the closing value of the asset under each of the 2 methods at the end of 3 years, if the: a. Opening value of the asset is $10,000 b. Rate of depreciation is 10% 2. Define current ratio? Also compute current ratio and quick ratio if: a. Debtors = 4000 b. Cash = 2000 c. Stock = 2000 d. Creditors = 1500 e. Bills payable = 2500