Financial Accounting

1. Describe the Straight-line depreciation method. Explain a real-life business example of an actual fixed asset being depreciated using the Straight-line depreciation method. (Review pages 454 to 457 & pages 476 to 478)

2. Describe a bond issued at par. Explain why an investor would purchase a bond issued at par instead of a bond issued at a discount or a bond issued at a premium. (Review pages 515 to 520).