Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card
Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card
7th Edition
ISBN: 9781260581256
Author: John Wild
Publisher: McGraw-Hill Education
Question
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Chapter 9, Problem 3BTN
To determine

Ethical issue:

Cameron Bly is a sales manager in an automobile dealership. The bonus earned by him per year is based on number of autos sold in a year less related warranty expenses and actual expenses varied from 3% low to 10%high over the prior 10 years and Bly has tended to estimate warranty expenses high end.

1.

To identify:-warranty accrual decision creates any ethical dilemma for Bly.

2.

To determine

To identify:-the percent warrant expenses Bly should choose for current year.

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Evergreen Corporation (calendar-year-end) acquired the following assets during the current year: (Use MACRS Table 1 and Table 2.) Date Placed in Asset Machinery Service October 25 Original Basis $ 120,000 Computer equipment February 3 47,500 Used delivery truck* August 17 Furniture April 22 60,500 212,500 The delivery truck is not a luxury automobile. Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount. a. What is the allowable depreciation on Evergreen's property in the current year, assuming Evergreen does not elect §179 expense and elects out of bonus depreciation? Depreciation $ 69,096
what is the question answer ? general accounting question

Chapter 9 Solutions

Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card

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