Question: Answer the following question: 1) What is the reason why there are many depreciation methods generally accepted in accounting for Property, Plant and Equipment? Can

Answer the following question:

1) What is the reason why there are many depreciation methods generally accepted in accounting for Property, Plant and Equipment?

Can we not agree to use one for all items of PPE? Do you agree? Why or why not?

2.) If you were to start a business, among the assets covered by this topic (PPE, Intangible asset and Investment property), what asset will you prioritize acquiring? Why is it more important than the others you did not choose?

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