Question: 1. Write a short essay explaining the format and key components of a balance sheet. 2. Explain the impact of calculating depreciation using the straight-line

1. Write a short essay explaining the format and key components of a balance sheet.

2. Explain the impact of calculating depreciation using the straight-line method versus an accelerated method on the amounts shown on a balance sheet.

3. Use the financial statement analysis template in XL format posted below to feed-in the Balance Sheet with Avnet 2010 yearly figures from Avnet's 10K form.

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