Recap Congratulations you have successfully survived all the games so far! Now you need to reflect on your calculations, observations, and knowledge from class to make a recommendation in this final game. Help the owner understand depreciation, how the methods are different, and which one you ultimately recommend for his amusement facility. 1.) Explain to the owner, the concept of depreciation. Feel free to use your textbook or class notes to help explain this accounting concept. 2.) Which method resulted in the highest depreciation expense for 2021? Why? Will that always be the case? 3.) Which method resulted in the highest net book value in 2021? Why? Will that always be the case? 4.) Based on all your calculations, observations, class knowledge, and independent research, which depreciation method do you ultimately recommend the owner to use for his new amusement facility? Please provide a clear recommendation, supported by class or other credible resources, when making your recommendation Recap Congratulations you have successfully survived all the games so far! Now you need to reflect on your calculations, observations, and knowledge from class to make a recommendation in this final game. Help the owner understand depreciation, how the methods are different, and which one you ultimately recommend for his amusement facility. 1.) Explain to the owner, the concept of depreciation. Feel free to use your textbook or class notes to help explain this accounting concept. 2.) Which method resulted in the highest depreciation expense for 2021? Why? Will that always be the case? 3.) Which method resulted in the highest net book value in 2021? Why? Will that always be the case? 4.) Based on all your calculations, observations, class knowledge, and independent research, which depreciation method do you ultimately recommend the owner to use for his new amusement facility? Please provide a clear recommendation, supported by class or other credible resources, when making your recommendation