IAS 16 Property, Plant and Equipment ( https://www.iasplus.com/en/standards/ias/ias16 ) outlines the accounting treatment for most types of property, plant and equipment. Property, plant and equipment is initially measured at its cost, subsequently measured either using a cost or revaluation model, and depreciated so that its depreciable amount is allocated on a systematic basis over its useful life

A) IAS 16 allows companies to depreciate the fixed assets either through the straight line method or the reducing balance method (amongst others). Describe the two methods and the implications on their choice for the Statement of Financial Position and the Statement of Financial Performance of the company. (IMPORTANT !!)Use appropriate examples to support your answers.