Week 2CheckPoint: Differentiating Depreciation Methods• Resource: Ch. 2 of Understanding Financial Statements• Due Date: Day 4 [Individual forum]• Compose a 200- to 300-word response to question 2.4 on p. 74 (Ch. 2). In addition,include a summary of the advantages and disadvantages of using different depreciationmethods (straight-line versus accelerated).

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