Q1.Assume you are working in a Merchandising firm of UAE and the total Assets of the firmare $800,000. You are free to assume the range of Fixed Assets from $200,000 to $500,000and apply any two different methods of Depreciation on assumed assets with their definitionsand formulas for the period of 6 years only. Ø A brief introduction about the assumed merchandising firm and explain which kind of products they are manufacturing. Ø Select a range of fixed capital from $200,000 to $ 500,000Ø Calculate for the period of 6 years only Ø Use any two methods of depreciation from below mentioned.• Straight Line Method• Sum of Year Digit Method• Diminishing method Ø Compare the result of both applied methods Ø Draw the conclusions on it and write findings & recommendations for the assumedcompany.
Q1.Assume you are working in a Merchandising firm of UAE and the total Assets of the firmare $800,000. You are free to assume the range of Fixed Assets from $200,000 to $500,000and apply any two different methods of
Ø A brief introduction about the assumed merchandising firm and explain which kind of products they are manufacturing.
Ø Select a range of fixed capital from $200,000 to $ 500,000Ø Calculate for the period of 6 years only
Ø Use any two methods of depreciation from below mentioned.•
Ø Compare the result of both applied methods
Ø Draw the conclusions on it and write findings & recommendations for the assumedcompany.
Q2.Explain the concept of
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