• Avoid plagiarism, the work should be in your own words, copying from other resources without proper referencing will result in ZERO marks. No exceptions.
• All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).

Q1–

On your own words, describe the methods that companies can implement to depreciate plant assets. (2 Marks).

Q2–

Give a numerical example of:

• Current liabilities.
• Long-term liabilities (2 marks).

Q3.

What are the characteristics of corporations (1 mark).