Hello Everyone, Welcome to Week Fourl. Please continue the review of Chapter Eight, and the acquisition, use, repair and improvement, and disposal of property. plan, and equipment. Please choose one of the following three questions and respond to that for your initial post: 1. In computing depreciation, three valses must be known or estimated; identify and explain the nature of each. 2. What type of depreciation expense pattam is used under each of the following methods and when is its use appropriate? a. the straight-line method b. units of production method c. the double-declining-balance method 3. When equipment is sold for more than its net book value, how is the transaction recorded? For less than book value? What is net book value