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What are the ethical issues involved

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Question - Please provide two alternative answers for the following: Al Hajji, AbdulRazak, controller for Nadec Corporation, is preparing the company's income statement at year-end. He notes that the company lost a considerable sum on the sale of some equipment it had decided to replace. Al hajji does not want to highlight it as a material loss since he feels that will reflect poorly on him and the company. He reasons that if the company had recorded more depreciation during the assets' lives, the losses would not be so great. Since depreciation is included among the company's operating expenses, he wants to report the losses along with the company's expenses, where he hopes it will not be noticed.

Required -

a. What are the ethical issues involved?

b. What should Al Hajji do?

Reference no: EM132877580

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