Module 10: Acquisition and Use of Long-Term Assets Discussion Topic Due April 4 at 11:30 PM Starts Mar 29, 2021 1:00 AM 1. Briefly identify each of the three major methods of calculating depreciation (Straight-Line, Double Declining Balance, Units of Production). Why would that company choose one method over another? 2. Define "cost of goods sold" and "gross profit" and "net income" Module 10: Chapter Problems