A Cultural Artifact essays

A Cultural Artifact papers Family Albums, A Cultural Artifact Family collections have assumed a significant job as pilots of familial philosophy and assets of familial memory. Most family photo collections contain an incredible assortment of things, both recognized and unidentified held together by this aggregate personality with the family. At the point when family collections are assembled we are helped to remember our family ancestry and have nostalgic ties inside the family. Review photos of perished friends and family empowers the families to original copy their lives as they occurred and to recollect all the recollections they had made. I accept that family photos are type of social antiques and express solidarity, accentuation, and intelligibility. The solidarity of my familys photograph collection has so much criticalness bunched into one book. All the occasions that occurred since an amazing commencement are totally kept together by and large. The collection appears to be so immaterial to other people, yet it bearers such a great amount of importance to me by and by. It is a unified visual of my over a significant time span life. It shows a method of correspondence and demonstrates how my family connects with one another and our relationship among us. This collogue accentuations what life is extremely going to me. It features the most significant occasions that have transpired in my life up until this point. There are a great deal of recollections of my grandparents that are done living and when I am missing them I could return and think about the photographs to bring back the recollections we have made. Despite the fact that the minutes cruised me by, pictures keep the memory alive. A portion of the photographs have a positive and negative attitude toward me. For example, one picture can speak to something so cheerful in my life, for example, my first Christmas or birthday celebration, and another can help me to remember bitterness from past friends and family that I lost. The photographs in my collection are previews that shape the character of who I am today. The lucidness of my photograph collection is that each image repr... <!

Movie Review Oldboy Essay Example For Students

Film Review Oldboy Essay Oldboy is a South Korean spine chiller coordinated by Park Chan Wook. I watched this film a year back when my companion Mahad about constrained me to watch it. At the time I wasnt into remote films, yet Oldboy astonished me. The film was unusual however yet a ground-breaking story of retribution that could never be endeavored by a major american studio. The splendid acting, astounding develop, and dull curve made this film a clique most loved and one of my all occasions most loved motion pictures. This film is about Old Dae Su who is a smashed that battles with his better half. One night while he was going to give his little girl her birthday present he is caught. He is detained for a long time in a little room and afterward discharged. This film bases on his excursion to discover his captor and discover reality with regards to why he was detained. Min Sik Choi is astounding in his change from a fat alcoholic to a beast. He causes you to identify with him in any event, when he show his shortcomings. Ji tae yu is shockingly unpleasant in his job as Lee charm jin, keeping his quiet all through the entire film while acting like an insane person. The acting from the cast makes the crowd completely put resources into making sense of the riddle. What makes this film one of a kind is the development that happens that prompts the consummation. The executive works admirably of working up the pressure while gradually uncovering the large mystery. He did that by times in the story for entertainment that charmed us to the characters so you are put resources into the characters. Additionally this film had some of rawest battling scenes ever making it a total film. Despite the fact that I discover the plot novel, the storys contort can put off numerous individuals that viewed the film. Likewise the hours of viciousness can be bleeding and frightful. A few people can not stomach watching everything to discover the riddle. The subject of retaliation can likewise be befuddling to individuals who didn't watch the previous movies of the set of three. Despite the fact that the narratives of the set of three are distinctive the films share a typical subject that is investigated. The film unexpected development and viciousness are shortcoming some point about the film. Be that as it may, these are both of the reasons this film is viewed as a religion great. The dull story makes us question the benefits of retaliation and mindful that our activities could have a greater impact than you might suspect. At a certain point of the film Old Dad Su makes a rundown of the considerable number of individuals he raised a ruckus to make sense of who caught him. This made me think about the well known expression the chickens coming perch. This faction exemplary has all the characteristics of an incredible film astounding acting, a one of a kind plot, and a stunning completion. Oldboy made me progressively keen on outside motion pictures. This drove me to appreciate films I most likely could never watch. Oldboy will grow your psyche to various sorts of movies.

Light In August By William Faulkner Essays - Light In August

Light in August by William Faulkner In the novel by William Faulkner, ?Light in August? there is distance in the novel. The distance happens with Joe Christmas. He is a more peculiar that comes into the town of Jefferson with an unkonwn past. Preceding his appearance, he went under the name of Lucas Burch. Whne Joe Christmas shows up at Jefferson, he distances himeself from nearly everyone for around 2 years. His past has instructed him to do as such, with all the awful things that has hapened to him. We get expanded inside monologs from Christmas, and the tale of his past involves a third or a greater amount of the book. Notwithstanding the measure of data gave, Christmas stays hard to grasp. It isn't that he isn't what he is by all accounts. Or maybe, he appears to be numerous things, yet the peruser can never be very sure which of these are genuine. Christmas' disaster is that he doesn't have any acquaintance with himself what he is. He appears to be sure that he is part nigger however there is no dependable proof this is valid. Unquestionably, he looks white. Christmas moves to and fro between white society and dark society. Each time he does as such, he uncovers himself as an outcast. In white society he uncovered his own nigger blood; in dark society he depicts himself as white. At the point when he does as such, he anticipates a fierce response from which he has incited. Being both high contrast he can't really be a piece of either society. Nor can he essentially deny this division. Or maybe, as cited on page 69, his attention to this polarity makes him take up the job of rival taking all things together circumstances. He is naturally introduced to a social framework which has characterized the classifications of white and dark, and has set up ceremonies for managing any conduct by either, which portrays an picture to the peruser of his estrangement and contrast he is from the remainder of the populace in Jefferson.. Joe trusts in these classes and ceremonies. At the point when a white whore isn't insulted by his Negro blood, he beats her. He anticipates that her should dismiss him. Or maybe her lack of interest difficulties the legitimacy of the reason on which he has manufactured as long as he can remember page 71. These social classes and ceremonies command the novel. A townsman rapidly perceives that Christmas is one of a kind among the characters in that he is the one in particular who demands bringing together the powers as opposed to tolerating, to be sure relying on, their partition on page 13. His endeavors to bind together the social and good classifications whereupon the general public of Jefferson is constructed procure him the vicious dismissal by that society, dark and white which leaved him with no spot to go. In this manner Christmas is killed by a general public since his reality challenges its very establishments.

What Will Happen To Society If Oil Runs Out - 550 Words

What Will Happen To Society If Oil Runs Out? (Research Paper Sample) Content: What Will Happen To Society If Oil Runs Out?NameCourse Tutor DateWhat will happen to society if oil runs out?The world as we know it today is too reliant on crude oil as a source of energy. B.P. Statistical data indicates that oil and oil products are the leading forms of energy in use all over the world. Developing countries like India and China are also increasing to the consumption of the worlds oil. Most of the petroleum is used in factories as well as fuel for automobiles in these mostly populated countries (Heinberg, 2006). The B.P. statistical data indicates that over 30% of people on earth today rely on oil as their primary source of energy. The world today consumes thirty billion barrels of oil every year. This brings us to the questions; do we have enough oil reservoirs to sustain a world that is over dependent on oil? What will happen if the response to the first question is no and we run out of oil? The answer to these questions lies in the unbelievable f act that we might never run out of oil.Oil is a fossil fuel. This means that it was formed from the organic remains of plants and animals from the past. It is essential to recall that every living thing has to die at some point (Nakaya, 2006). That being said, the formation of oil and other fossil fuels is a recurring process. It is also necessary to highlight that the US alone has over 2 trillion barrels of oil under its soil, and it is not even the leading producer of oil in the world. Human beings can therefore, put the thought that a crisis is brewing as far as depletion of oil reserves is concerned to rest. However, oil cartels have taken over the industry causing frequent fluctuation of oil prices. Similarly, and somewhat ironically, the countries that lead in the production of oil in the world are also some of the most politically unstable countries. This makes production and distribution of oil rather difficult and results in a fluctuation of oil prices (Mills, 2008).Alterna tive sources of energy are being encouraged a great deal in the present moment to all the nations of the world. Coal, natural gas, wind and solar are being used in most developing countries in the bid to mitigate crises related to oil price fluctuation, as well as the eventual possibility of depletion of oil reservoirs. These fuels are gradually reducing the dependency of people on oil as a primary source of energy. Environmentalists are also on the front line, advocating for more environmentally friendly fuels to be used to avert an environmental crisis. People are using these sources of energy a lot more, and their popularity is growing quite a great deal. This is another way of ensuring that oil reservoirs do not run dry. The world should therefore; take a breath at the r...

Monty Python and the Holy Grail Essay - 1245 Words

nbsp;nbsp;nbsp;nbsp;nbsp;â€Å"Monty Python and the Holy Grail† is a satiric comedy about the quest of King Arthur. The movie starts out with Arthur, King of the Britons, looking for knights to sit with him at Camelot. He finds many knights including Sir Galahad the pure, Sir Lancelot the brave, the quiet Sir Bedevere, and Sir Robin the Not-Quite-So-Brave-as-Sir Lancelot. Through satire and parody of certain events in history (witch trials, the black plague) they find Camelot, but after literally a quick song and dance they decide that they do not want to go there. While walking away, God (who seems to be grumpy) come to them from a cloud and tells them to find the Holy Grail. They agree and begin their search. While they search for the†¦show more content†¦King Arthur goes on to explain that a swallow must have carried it. The soldier then offers a rebuttal based on proportion and types of birds. The comedic affect was delivered by the ridiculousness of the situation , the repetition of the soldier’s persistence the fact that they were actually pretending to ride horses by hitting coconuts together. †¢nbsp;nbsp;nbsp;nbsp;nbsp;In another scene, King Arthur is confronted by Lancelot and not allowed to pass. They began to fight and King Arthur severs Lancelot’s arm off. Only for Lancelot to say, â€Å"It is just a scratch.† King Arthur thinks that Lancelot will all it quits, but he persists, â€Å"I’ve had worse.† They continue their brawl, only for Arthur to slice off Lancelot’s other arm. He still insists on fighting. The comedic affect of this scene was delivered by the irrationality of Lancelot’s determination to continue fighting despite his severe injuries. †¢nbsp;nbsp;nbsp;nbsp;nbsp;In another scene, King Arthur and his knights try to storm Camelot but are driven away by their enemies are heaving farm animals at them. They brought a new meaning to raining cats and dogs. The comedic affect was delivered by the illogicality of someone throwing animals to defend themselves. It was also ironic that they were not throwing arrow or spears. Satire is a kind ofShow MoreRelatedMonty Python And The Holy Grail861 Words   |  4 Pages The film Monty Python and the Holy Grail is a parody of Arthurian stories. It is a film that is not very elaborate on special effects, costumes and such as it even includes invisible horses with coconuts to mimic the sound of the â€Å"galloping† horses. All which indicate the low budget set on the production of the film. Although, the quality of the film does not suffer with it’s low budget since this adds uniqueness and more comical pieces to the film. The concepts triggered in the film come from elementsRead MoreMonty Python and the Holy Grail Essay1672 Words   |  7 PagesMonty Python and the Holy Grail A British Parody By: Norwin Adarve Monty Python and the Holy Grail has been a comic success in the film industry for almost four decades. The main reason for its success is because the jokes have kept the audience laughing whether they watched it in 1975 or just saw the comedy for the first time yesterday. Monty Python and the Holy Grail would fall under two categories of comedy, a satire and a parody. In contemporary usage, a parody is a work that imitates anotherRead MoreMonty Python And The Holy Grail Satire1575 Words   |  7 Pages In Monty Python and the Holy Grail satire is used quite often to make fun of the Catholic faith. One of the most noteworthy moments is near the beginning of the movie when the monks are walking through the town chanting. Monty Python may use rather ludicrous humor to get their point across; however, they do a good job conveying the faults in the Catholic Church and display them on film. The movie does this through setting, characters’ costumes, and music. Near the beginning of the movieRead MoreWilliam Arthur s Court And Monty Python And The Holy Grail989 Words   |  4 PagesMost Arthurian novels involve a violent conflict with multiple knights. In the cases of A Connecticut Yankee in King Arthur’s Court and â€Å"Monty Python and the Holy Grail† violence is taken to the extreme to show how knights are allowed to get away with killing innocent people as long as they are from Camelot. This idea is expressed multiple times throughout the book and movie and used in a rather humorous way. In the book, A Connecticut Yankee in King Arthur’s Court, a few instances occur where violenceRead MoreMonty Python And The Holy Grail 1975 Directed By Terry Gilliam And Terry Jones2247 Words   |  9 PagesThe infamous British film known as Monty Python and the Holy Grail 1975 directed by Terry Gilliam and Terry Jones, was considered a cult classic among the comedy genre. But what made it so significant among other films during that era, and why is does it still stand the test of time? Classical films were originally considered more than just another form of entertainment. This form of media allowed artist to visually express their personal views through the big screen. Some film makers tend to leanRead MoreMonty Python and the Holy Grail1249 Words   |  5 PagesMonty Python and the Holy Grail is a satiric comedy about the quest of King Arthur. The movie starts out with Arthur, King of the Britons, looking for knights to sit with him at Camelot. He finds many knights incl uding Sir Galahad the pure, Sir Lancelot the brave, the quiet Sir Bedevere, and Sir Robin the Not-Quite-So-Brave-as-Sir Lancelot. Through satire and parody of certain events in history (witch trials, the black plague) they find Camelot, but after literally a quick song and dance they decideRead MoreA Comparison Of Monty Python And The Holy Grail715 Words   |  3 Pagesgreen knights are a bit outlandish. Other portrayals of this time period include Monty Python and the Quest for the Holy Grail, which deliver a unique spin on a classic story in the form of satirical humor and parody. While the presentation of the two stories differs drastically the underlying themes of Chivalry, Religion, Nobility/Heroism, love, and Good vs. Evil are present and mocked. In Monty Python and The Holy Grail many ideas are mocked in the form of satirical humor. For instance, when theRead MoreMonty Python And The Holy Grail Analysis724 Words   |  3 PagesWitch Hunts and Coconuts Monty Python and the Holy Grail portrays satire in the storyline following King Arthur and his knights of the round tables expedition for the Holy Grail throughout England during the Middle Ages. Monty Python is a satirical movie meaning it’s purpose is to make individuals in society laugh and then think. Satire seeks to influence our opinions and world.The film Monty Python and the Holy Grail uses unexpected logic as well as unexpected events to expose ignorance within mankindRead More##arison Of Chivalry In Terry Gilliams Monty Python And The Holy Grail1412 Words   |  6 PagesIn Beowulf, Beowulf embodies chivalry in his quest for treasure and riches to sustain his kingdom. In Terry Gilliam’s Monty Python and the Holy Grail, the Black Knight embodies chivalry by manning his post at a bridge and protecting it. Despite their different motivations for being chivalrous, both Beowulf and the Black Knight demonstrate how chivalry is unsustainable due to its insatiable dem ands. To defend my thesis, I will be discussing how each text defines chivalry, how the characters in theirRead More Thomas Malory’s Le Morte Darthur and Monty Python and the Holy Grail2221 Words   |  9 PagesDarthur and Monty Python and the Holy Grail Professor’s comment: This student uses a feminist approach to shift our value judgment of two works in a surprisingly thought-provoking way. After showing how female seduction in Malory’s story of King Arthur is crucial to the story as a whole, the student follows with an equally serious analysis of Monty Python’s parody of the female seduction motif in what may be the most memorable and hilarious episode of the film. Much of the humor in Monty Python

Euthanasia The Pros and Cons - 1281 Words

Euthanasia: The pros Anatomy Durkos Sarah Carter Jan 6, 2013 Over the years there has been a debate on whether euthanasia is a â€Å"humane† form of death. Some believe it isnt humane and others believe euthanasia is personal choice. Euthanasia is legal Australia and in four states in the united states. The legality of euthanasia is based on ethics primarily. I am pro euthanasia for many reasons; Euthanasia is cheaper, it ends the suffering of patients, and self determinism. Euthanasia is the assisted ending of a person life in response to pain and suffering. There are two types of Euthanasia: Voluntary and involuntary. (Top 10 Pros and Cons – Euthanasia,2010) Voluntary euthanasia refers to a patient and physician†¦show more content†¦The fact that its legal in some places around the world shows that its not a ludicrous alternative to whats known as regular health care. In my opinion America doesnt care about the people, instead they care about war funding and budget cuts. The people making decisions for the United Stat es are not â€Å"general population†, they are the 1% meaning that most decisions made dont really effect them. ( Who are the 1%?, 2014) The same goes for the school system, the administrators haven’t been in an actual school as an actual student in decades yet they make decisions on our education. The government forces themselves into private matters of not only the American people but the whole world leaving no room for privacy. The government is pushy. Euthanasia activist Jack Kevorkian said â€Å"Dying is not a crime† which is absolutely correct. (Jack Kevorkian, 2014) Dying is apart of living. Kevorkian was arrested for 130 assisted suicides in 1999. He was an advocate for euthanasia because he believed that people shouldn’t be forced to live a life they don’t want. During his rein of assisted suicides Kevorkian didnt base his practices on ethics or even logical terms. It has been said that any person that came to Kevorkian for euthanasia pur poses could receive the treatment. WhenShow MoreRelatedPros And Cons Of Euthanasia915 Words   |  4 Pages Legalizing Euthanasia The issue of legalizing euthanasia is a highly debated, and emotional issue. There are many pros and cons to each side of this debate. One must weigh each side of the issue, and be sure they have complete, and accurate information before deciding whether euthanasia should be legalized or not. It is crucial to make sure people are using the correct definition of euthanasia, which is â€Å"the painless killing of a patient suffering from an incurable and painful disease or in anRead MoreActive Euthanasia Pros and Cons Essay1640 Words   |  7 PagesAbstract Euthanasia is a long debated topic, going back for decades in our country alone. Both sides of the topic have valid points morally and ethically. The Netherlands have had euthanasia laws in effect since 1973. America has very few states with legislation on the books: Oregon enacted in 1997, Washington 2008. Germany experimented with Active Euthanasia in the 1930’s, resulting in one of the most horrendous genocides in the past millennium. No where else do we have a cohort more at riskRead MoreEssay on The Pros and Cons of Euthanasia1086 Words   |  5 PagesEuthanasia, good or bad? In this following article I will be exploring euthanasia in more detail, the different Christian points of view, the strengths and weaknesses of the euthanasia argument and finally my point of view on euthanasia and why I believe this. First of all, what is euthanasia? It is something that not many people think about until they or a friend or family member is put in a position where they might actually have to consider it. Euthanasia, in the dictionary, simply is: theRead MoreEuthanasia 1044 Words   |  5 Pages Science Paper: Euthanasia An 80-year-old man is rushed to the hospital after complaining of acute pain occurring in his abdomen and back. The patient has a yellow disfigured color suggesting the possibility of jaundice. Doctors discover through premature reports that the 80-year-old man is also suffering from Alzheimer’s disease. After being hospitalized for several days, the family is told that the patient has terminal pancreatic cancer; one of the most painful types of cancer. They are toldRead MoreEuthanasi The Issue Of Euthanasia1427 Words   |  6 Pages Euthanasia: The main purpose of this essay is to focus on the controversy surrounding the issue of euthanasia and analyse the pros and cons arguments regarding euthanasia. This essay will aim to analyse in further details the complexity of the matter regarding euthanasia and will argue the pros and cons of euthanasia and will also debate the major impact that legalising euthanasia might have on the society, on the medical industry andRead MoreEuthanasia, Mercy Killing, And Euthanasia1101 Words   |  5 Pages Euthanasia, mercy killing, assisted suicide, no matter what you call it, the topic is very controversial. Personally, I would have to agree with the concept. I know that there are people who are completely against it, and there are those that would consider it in certain situations. By covering this topic maybe I can share some light on the pros of euthanasia for those against it. Euthanasia by definition is the act or practice of killing or permitting the death of hopelessly sick or injured individualsRead MoreEuthanasia Persuasive Essay1064 Words   |  5 PagesAn Avoidable Loss Death by choice or euthanasia is a very controversial subject that is typically one-sided. The very concept of death alone is somewhat a taboo, but controlling death itself is another monster. Death by choice or â€Å"euthanasia† should not be legalized because it promotes defeatism, may lead to the strict procedures to become more accessible to people with non-fatal illnesses, could legitimize murder, or pressure the elderly. When an unfortunate illness befalls, people have a tendencyRead MoreShould Euthanasia Be Legal?1387 Words   |  6 Pagesunexpectedly† (Wpadmin). This shows that many people show aversion towards euthanasia and would not want themselves to be euthanized. Euthanasia occurs when someone is suffering from a painful or incurable disease and they prefer to die. It is done by taking them off of life support or not giving them essential supplies to live such as food, medications, oxygen, and more. There are countless debates of whether or not euthanasia should be legal, and whether or not it benefits people. Some countries allowRead MorePros and Cons on Assisted Suicide - Essay1221 Words   |  5 PagesKeri Starkel Pros and cons on assisted suicide Pages 5 What happens to a person when they get so depressed that they are on the verge of suicide? Well the only answer would be to commit it but what if that person cant find the guts to go through it alone. Well then they ask for assistance. This is called assisted suicide. Assisted suicide or in other words euthanasia is the killing by an act of an independent human being for their own benefit. There are many kinds of definitions that one mustRead MoreThe Ups And Downs Of Euthanasia1288 Words   |  6 PagesMi’esha Straughn Dr. Willis 12 October 2017 ENG 101/102 Mini Term The Ups and Downs of Euthanasia Losing a loved one is an experience that no one wants to go through. Moms, dads, aunts, uncles, and the like are all an integral part of life. However, what if one of these loved ones were terminally ill and losing strength day by day? Would one want to watch them suffer, clinging on to the last bit of life that they have, or would he want to help end the suffering in a peaceful manner? These are some

Financial Interpretation statement comparability

Questions: 1. You are required to record the following transactions into the transaction analysis char? 2. Prepare the fully classified Income Statement and Balance Sheet for March 2017 for GS Engineering? 3. Advise Georgie on the differences between straight line and reducing balance depreciation methods and explain the impact on the income statement over the assets life. How does a business determine which is the appropriate depreciation method to use? Answers: 1. TRANSACTION ANALYSIS:- Date Transaction Assets Liabilities Equity 1-Mar Capital Investment 10000 10000 2-Mar Purchase of Property 250000 225000 3-Mar Purchase of Equipment 10000 Three-months' subscription paid 2400 4-Mar Purchase of Furniture 3000 Insurance paid for 12 months 2400 5-Mar Purchase of Computer Equipment 15000 Purchase of Vehicle in Credit 24000 24000 6-Mar Sales on Credit 2000 2000 7-Mar Office Stationery Purchased on credit 1200 1200 8-Mar Tools equipment contributed by owner 6500 6500 15-Mar Sales on Credit 4800 4800 17-Mar Collection from 1st Customer 2000 21-Mar Sales on Credit 7200 7200 Withdrawn by owner 1500 1500 23-Mar Wages paid after deducting PAYG 1600 1600 24-Mar Collection from Customers 2300 26-Mar Telephone Bill Paid 270 270 28-Mar Sales on Credit 8400 8400 30-Mar Wages paid after deducting PAYG 1300 500 1800 31-Mar Paid Motor Vehicle Expenses 240 240 Paid Membership Fees 1200 1200 Withdrawn by owner 1000 1000 Payment made for Office Stationery 200 200 Office Supplies Consumed 400 400 Interest Accrued om Mortgage 950 950 Utilities owed for the month 375 375 Depreciation on Computer Equipment 375 375 Depreciation on Motor Vehicle 400 400 Depreciation on Engineering Tools Equipment 206.25 206.25 Insurance Expenses expired 200 200 2. In the Books of GS Engineering Income Statement for the period ended 31st March,2017 Particulars Amount Amount Sales Revenue $22,400.00 Total Revenue $22,400.00 Operating Expenses: Wages Expenses ($3,400.00) Telephone Expenses ($270.00) Motor Vehicle Expenses ($240.00) Membership Fees ($1,200.00) Office Supplies Expenses ($400.00) Interest Expenses ($950.00) Utilities Expenses ($375.00) Depreciation on Com. Equipment ($375.00) Depreciation on Motor Vehicle ($400.00) Depreciation on Eng. Tools Equipment ($206.25) Depreciation on Furniture Fittings ($25.00) Subscription Expenses ($800.00) Insurance Expenses ($200.00) Total Operating Expenses ($8,841.25) Net Profit/(Loss) for the period $13,558.75 In the Books of GS Engineering Balance Sheet as on 31st March,2017 Particulars Amount Amount Current Assets: Cash at Bank $39,590 Prepaid Subscription $1,600 Prepaid Insurance $2,200 Accounts Receivable $18,100 Office Supplies $800 Total Current Assets $62,290 Non-Current Assets: Property Equipment $250,000 Motpr Vehicle $24,000 Less: Accm. Depreciation ($400) $23,600 Engineering Tools Equipment $16,500 Less: Accm. Depreciation ($206) $16,294 Furniture Fittings $3,000 Less: Accm. Depreciation ($25) $2,975 Computer Equipment $15,000 Less: Accm. Depreciation ($375) $14,625 Total Non-Current Assets $307,494 Total Assets $369,784 Current Liabilities: Accounts Payable $25,375 PAYG Payable $900 Interest Payable $950 Total Current Liabilities $27,225 Non-Current Liabilities: Loan from Bank $225,000 Total Non-Current Liabilities $225,000 Total Liabilities $252,225 Owners' Contribution: Capital $106,500 Less: Drawings ($2,500) Less: Net Loss $13,559 $117,559 Total Owner's Contribution $117,559 Total Liability Equity $369,784 3. Difference between Straight Line Method and Reducing Balance Method: There are many methods, used for depreciating any fixed asset. However, amongst all the methods, straight-line depreciation method and reducing balance depreciation method are the most popular and widely used methods. Though both the methods are used to depreciate the fixed assets over a specified time period, there are many differences between these methods. The differences are stated below: Straight Line Method Reducing Balance Method - In this method, the depreciation amounts for every year use to be same. - The depreciation amounts, computed under this method, use to decrease in every year. - The depreciation amount is computed on the basis of the purchase cost of the assets. - The depreciation amount is calculated on the basis of the net opening balance of the assets for the depreciation period. - Under this method, the depreciation rate charged on the net opening balance of the asset increases over the year. - In reducing balance method, the depreciation rate remains constant on every year. - At the end of the useful life, the asset value becomes zero or equal to the estimated residual value. - The asset value at the end of the estimated life does not become zero or equal to the expected residual value (Henderson et al. 2015). Impact of the Income Statement:- he depreciation is considered as a non-cash operating expenses for the business. Therefore, in the income statement, it is deducted from the total revenue of the business for determining the net income for the period. It is clear from the above discussion that the depreciation amounts of any asset, computed under straight-line and reducing balance method may become same for the first year of the asset, but in the following year, it will differ from each other. Therefore, the impacts of this method on the net incomes of any business for the useful life of any asset will also vary significantly. Impact of Straight-Line Method: Under this method, the depreciation amount remained same throghout the useful life of any asset. Therefore, if the sales revenue and other expenses would remain unchanged over the useful life of any asset, then the net income on each year would be same due to the fixed depreciation cost. Impact of Reducing Balance Method: In reducing balance method, the depreciation rate, charged on the assets remains same, but the depreciation amount reduces over the useful life of the assets. Due to the reducing value of depreciation, the net income of the business would increase over the useful life of the assets if the amounts of all other income and expense items remain unchanged (Schroeder et al. 2016). Selection of Depreciation Method: The business firms use to consider and evaluate many factors for selecting the appropriate depreciation method to depreciate any asset. The factors are stated below: Nature and type of the asset Utilization of the asset Nature of the business and business operations Depreciation policies, described under various accounting standards Taxation rules (Brochet et al. 2013) References Bibliography: Brochet, F., Jagolinzer, A.D. and Riedl, E.J., 2013. Mandatory IFRS adoption and financial statement comparability.Contemporary Accounting Research,30(4), pp.1373-1400. Deegan, C., 2013.Financial accounting theory. McGraw-Hill Education Australia Henderson, S., Peirson, G., Herbohn, K. and Howieson, B., 2015.Issues in financial accounting. Pearson Higher Education AU Hoskin, R.E., Fizzell, M.R. and Cherry, D.C., 2014.Financial Accounting: a user perspective. Wiley Global Education. Pratt, J., 2013.Financial accounting in an economic context. Wiley Global Education Reimers, J.L., 2014.Financial Accounting: Business Process Approach. Pearson Higher Ed Schroeder, R.G., Clark, M.W. and Cathey, J.M., 2016.Financial Accounting Theory and Analysis: Text and Cases: Text and Cases. Wiley Global Education Weil, R.L., Schipper, K. and Francis, J., 2013.Financial accounting: an introduction to concepts, methods and uses. Cengage Learning.