Reference no: EM131191300
Depreciation Choice - Ethics
Identify characteristics of property, plant and equipment issues related to presentation of fixed assets in financial statements.
Unit 2 Discussion
Jerry Prior, Beeler Corporation's controller is concerned that net income may be lower this year. He is afraid upper-level management might recommend cost reductions by laying off accounting staff, including him.
Prior knows that depreciation is a major expense for Beeler. The company currently uses the double-declining -balance method for both financial reporting and tax purposes, and he's thinking of selling equipment that, given its age, is primarily used when there are periodic spikes in demand. The equipment has a carrying value of $2,000,000 and a fair value of $2,180,000. The gain on the sale would be reported in the income statement. He doesn't want to highlight this method of increasing income. He thinks, "Why don't I increase the estimated useful lives and the salvage values? That will decrease depreciation expense and require less extensive disclosure, since the changes are accounted for prospectively. I may be able to save my job and those of my staff."
Instructions
Answer the following questions.
1. Who are the stakeholders in this situation?
2. What are the ethical issues involved?
3. What should Prior do?
Real-world scenario regarding the anticipation
: In this assignment, you are required to create and present an essay that addresses a real-world scenario regarding the anticipation of a devastating crisis emergency (student selected), and you must make an assessment of the necessary technology (..
|
Determine the type of plagiarism
: In the case below, the original source material is given along with a sample of student work. Determine the type of plagiarism.
|
Simple organizational chart for a facility
: As a new health care manager, you will need to have an organizational chart of the facility and of your department. Complete the following for this assignment:
|
List pharmacological management for the primary diagnosis
: List pharmacological management for the primary diagnosis.
|
Identify characteristics of property and equipment issues
: Identify characteristics of property, plant and equipment issues related to presentation of fixed assets in financial statements.
|
Improving workers and patients safety in a healthcare
: For this assignment, choose one of the components in your project management plan and evaluate potential problems associated with that particular aspect of the project; for example: project scope, scheduling, budgeting, procurement, or communicati..
|
What are the requirements for the company
: For this assignment, discuss how a segment is defined in Germany. Also, analyze the segment information in the annual report that is attached. What are the requirements for this company?
|
Explore whether or not funding from international lending
: Explore whether or not funding from international lending institutions like the World Bank and the IMF are helping or hindering the social, economic, or political development of the country that you have selected. Support your response with exampl..
|
Discuss maslow hierarchy of needs
: For this assignment, discuss Maslow's hierarchy of needs and explain the role that motivation plays in individual and team performance. Analyze how different people are motivated.
|