Mason Industries purchased a drilling rig for $75,900. Delivery costs totaled $2,852. The useful life is 7 years and the salvage value is $12,945. Prepare a depreciation schedule using the straight-line method. Mason Industries Depreciation Schedule-Drilling End of Year Annual Depreciation ($) Accumulated Depreciation ($) Book Value ($) $78,752 (new) 1 2 3 4 5 6 7

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Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.