You are a CPA. The owner of a landscaping business, Larry Shrout, who is one of your clients, asks you to explain:

(i) the general concept of depreciation; and

(ii) the specific difference between straight-line and declining - balance deprecation.

Write a letter to the client responding to these inquiries. Your response should include, at a minimum: An introductory, explanatory, and concluding paragraph Appropriate salutations Sufficient supporting information and/or examples to effectively respond to the inquiry.