Our module covered a variety of topics, including long term assets and depreciation, current and long term liabilities, and the statement of shareholders equity. Select an industry of your choice, preferably one that you have a basic understanding of or familiarity with. Conduct some research on that industry with our module concepts in mind and answer this question.

Provide a summary of your chosen industry, including what the industry is, what they do, and major companies within the industry. Does your chosen industry have a common depreciation method that is used by most companies in this industry? Identify the method or methods used, and explain how each method impacts the financial statements for a company.

NOTE: Please answer for both food industry and textile industry