1. What are the differences among valuation depreciationamortization and depleti

1. What are the differences among valuation depreciationamortization and depletion? Is it appropriate to calculatedepreciation using two different methods? Why?2. Which depreciation method provides you with the highestdepreciation expense in the first year? Why?3. What types of industries have unearned revenue? Why is unearnedrevenue considered a liability? When is the unearned revenuerecognized in the financial statements?4. Why do companies issue bonds? Would you rather buy a bond at adiscount or a premium rate? Why? What is the determining factor ofwhether a bond is sold at a discount face value or premium?5. What is the straight-line method of amortizing discount andpremium on bonds payable? Provide an explanation of theprocess.6. How would you describe the accounting procedures for notespayable and accounts payable?