accounting

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How depreciation and amortization affect the income statement and the profitability of the company as well as its affect on the income taxes a company pays. Also the advantages of an accelerated method of depreciation and how that affects net income, the balance sheet,AS WELL AS THE INCOME TAXES PAID.How is depreciation and amortization handled in your company? Finally since the use of depreciation can result in assets on the balance sheet having a lower value than the actual fair market value( we could get for the asset at auction), and if the goal of the balance sheet is to show external readers the value of what the company actually owns and owes, can you think of a better method to use or is a straight depreciation the best way to go?

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