It is confusing to read, but can someone help me with answering these?

1. Explain the concept of capitalization or capitalized? Include what type of costs might be included ? 2. Explain the concept of depreciation? 3. Describe the 3 months of depreciation and provide 3 examples of industries that might use each method? 4. Charles Inc. manufactures beauty supply equipment A review of its books for October revealed the following cost of equipment 500,000 useful life +10 years residual at the end of service life 75,000. Total hours to be run on equipment 125,000 Year 1 + 7,000 hours year 2= 10,000 hours Given the above what is accumulated depreciation at the end of year 2 for each method. a. What is the difference between a long and short term asset. 1 b. What is the difference between a tangible and intangible asset? 1