Conventional Accounting Concept - Depreciation Accounting

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Required: a. Explain the conventional accounting concept of depreciation accounting. b. Discuss its conceptual merit with respect to i. the value of the asset ii. the charge(s) to expense iii. the discretion of management in selecting the method c. Explain the factors that should be considered when applying the conven- tional concept of depreciation to the determination of how the value of a newly acquired computer system should be assigned to expense for financial reporting purposes (income tax considerations should be ignored). d. What depreciation methods might be used for the computer system? Describe the advantages and disadvantages of each.