QUESTION 8A

Explain the following terms with appropriate example:

I: . Depreciation

II:. Salvage value

III: Useful life

IV: Accumulated depreciation

V: Annual depreciation

QUESTION 8B:

Create ONE (1) example of depreciation. Your example must be including:

I: Expected life of 10 years.

II: Annual Rate of depreciation.

III: Depreciation schedule.

PLEASE SIR SUPPORT YOUR ANSWER WITH APROPRAIT CALCULATION