2. What are the three factors of depreciation? 3. Explain depreciable amount and residual value 4. What is the useful life of an asset? 5. What are the factors in determining the useful file of asset? 6. What are the common methods of depreciation? 7. What is the formula for straight line depreciation? 8. Explain the two variable charge methods of depreciation. 9. Explain the reasoning for accelerated method of depreciation. 10.What are the accelerated methods of depreciation? 11. Explain the formula for the SYD method of depreciation. 12. Explain the following depreciation method a. Declining Balance Method b. Double Declining Method c. Inventory method of depreciation d. retirement method of depreciation e. replacement method of depreciation 13. Explain the effect of change in the useful life of a depreciable asset 14. Explain the treatment of a change in depreciation method