#2 please

N ievor BesID3183131 35 points Name You will turn this assignment in at the beginning of class on October 1st on paper Do not turn into D2L. We will grade the paper copy. 1. (4 points) What is the value of land forecasted to return S300/acre per year worth, at a 8.5% interest rate? (show your calculation) 2. (2 points) Which asset valuation method is best for valuing feed (not fed yet that is in inventory)? 3. (4 points) Define depreciation in your own words. Depreciation-The amount datreases by over a period of time an asset 4. (4 points) What are the two main reasons why farm business managers nee an understanding of depreciation? I.) Income taxes . ) Planning and accounting for asset (5 points) List the five pieces of information you need to calculate depreciation of an asset? ) Useful life