User Account

All Pages

What is the purpose of accounting for depreciation

Assignment Help Accounting Basics
Reference no: EM132017508

Question: Instructions: a. What is the purpose of accounting for depreciation?

b. Is the president's proposal within the scope of generally accepted accounting principles? In mating your decision, discuss the circumstances, if any, under which use of the method would be reasonable and those, if any, under which it would not be reasonable.

c. The president wants your advice on the following issues.

1. Do depreciation charges recover or create funds? Explain.

2. Assume that the Internal Revenue Service accepts the proposed depreciation method in this case. If the proposed method were used for stockholder and tax reporting purposes, how would it affect the availability of cash flows generated by operations?

Information related to above question is enclosed below:

Attachment:- Week7discussionthread1.rar

Reference no: EM132017508

Questions Cloud

Contemporary organisational structure : MGT101 – Fundamentals of Management - contemporary organisational designs that are being used by various global organisation to compete in a fast-pace changing
How might lenders mitigate the agency costs : When you first begin operations, assuming you are the only employee and only your money is invested in the business, would any agency conflicts exist?
How might lenders mitigate the agency costs : Suppose your company raises funds from outside lenders. What type of agency costs might occur? How might lenders mitigate the agency costs?
Analyze the culture and progress toward managed diversity : Analyze the culture and progress toward managed diversity in this organization. Describe the traits and characteristics of diversity within this organization.
What is the purpose of accounting for depreciation : What is the purpose of accounting for depreciation? Is the president's proposal within the scope of generally accepted accounting principles?
Post a brief description of the organizations goals : Post a brief description of the organization's goals and objectives, and the differences between the two. Include a link to the document containing them.
How the selected topic impacted an organizational decision : Explain how the first selected topic impacted an organizational decision. Explain how the second selected topic impacted an organizational decision.
Create a list of three best practices : Please respond to the following: Create a list of three (3) best practices to follow that would improve the quality of life in developing countries.
How can you use accounting to manage your personal finances : How can you use accounting to manage your personal finances? What are the benefits of keeping track of personal transactions?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd