• Discuss the three most common depreciation methods used in business practice. Why would a company choose one method over another? Why might a company choose to depreciate some assets using one method and another method for others? Why is recording depreciation and choosing the appropriate method an important topic for businesses to consider?
• Intangible assets can add significant value to a companies balance sheet. What are some common intangible assets? How do they add value to a company? Why are some intangible assets amortized and others are not?