Question: 2c depreciation expense may be considered an outflow to a...

2c) Depreciation expense may be considered an ‘outflow’ to a business. Identify the activity category of the cash flow statement that this type of outflow is included in. Justify your answer. 

 

[4 marks]

 

4b ) what are three possible methods that can be used to calculate depreciation. Explain three methods and underlying assumptions of each method. 9 marks 

 

4a) Assest  and liabilities are subdivided on balance sheet. Describe the sub-divided categories and explain how these are determined. 6 marks