Prepare a research paper on the various methods of depreciation. Your research should include:
An analysis of why depreciation is an allocation process and not valuation process.
A description of the following depreciation methods:
An explanation of the how cost recovery is different for natural resources.
An explanation of why there could be a difference between the depreciation amount on a company’s book (book depreciation) and the depreciation amount on a company’s tax return (tax depreciation).
Your paper must meet the following requirements:
Your written paper should be 3-4 pages in length not counting the title and reference pages, which you must include.
You need to cite at least three sources for this assignment