Select an industry and Conduct some research on that industry, research should cover the industry's long term assets and depreciation, current and long term liabilities, and the statement of shareholders equity, and address the following questions.
Provide a summary of your chosen industry, including what the industry is, what they do, and major companies within the industry.  Does your chosen industry have a common depreciation method that is used by most companies in this industry?  Identify the method or methods used, and explain how each method impacts the financial statements for a company.

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Ill provide a summary of the software industry and its common depreciation methods used by most companies in the industry Summary of the Software Indu... View the full answer