(Answered) 1 based on the article attached when a corporationbusiness

Accounting

1. Based on the article attached, when a corporation/business has an asset that is affected by environmental factors such as weather, should a company consider this when determining an asset's estimated useful life? Explain.

2. The attached article mentions that there are four principal causes of depreciation which were functional, physical, technological, and economical. Which of the four causes mentioned of depreciation do you believe has the largest effect on a company and which has the least? Explain your conclusion.

3. The attached article discusses partially saved depreciation using a gravel pit and dump truck. The article mentions that when the gravel pit operations cease, the dump truck is still being exposed to environmental factors even though it is not in use. Should the dump truck continue to be depreciated at 100% or should it be depreciated at a different percentage? Explain your answer.

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