1. Identify what book value means and how to calculate book value for fixed asse

1. Identify what book value means and how to calculate book value for fixed assets. Answer this question: how do you figure out if you have a gain, or a loss when you dispose of your fixed asset? 2. Pick a company that you are interested in and find out which depreciation method the company uses. Share your finding with the class. Hint, you can find the information on the footnotes of the company’s financial statements (10 Q or 10K if they are publicly traded).