Question: c. i. Your Sales Manager does not understand the concept of depreciation. Write a short note explaining exactly what depreciation means and why we do

 c. i. Your Sales Manager does not understand the concept of

c. i. Your Sales Manager does not understand the concept of depreciation. Write a short note explaining exactly what depreciation means and why we do it. You must also explain the role of any relevant fundamental concepts in the context of depreciation and balance sheet valuation of fixed assets. ii. Stealthy Creep manufactures Special Sorting Machinery for the food processing industry. The sales manager has heard of straight-line depreciation and suggests that this method might be appropriate to value unsold sorting machines which the company has in inventory. You are required to advise him on the subject

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