Writea 350- to 700-word paper in which you respond to the following:

1.Distinguish among depreciation, depletion, and amortization.

2.Identify the factors that are relevant in determining the annual depreciation charge, and explain whether these factors are determined objectively or whether they are based on judgment.

3.Some believe that accounting depreciation measures the decline in the value of fixed assets. Do you agree? Explain.

4.Explain how estimation of service lives can result in unrealistically high carrying values for fixed assets.

5. Include references