On January 1, 2019, Sapphire Manufacturing Company purchased a machine for $40,000,000. The company expects to use the machine for 24,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $40,000. The schedule of usage of the machine is below.
Prepare the depreciation schedule using the units-of-production method of depreciation.
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Current assets are assets that (1) are in the form of cash, (2) will be realized in cash, or (3) conserve the use of cash within the operating cycle of a business or for one year, whichever is shorter
Indicate whether the statement is true or false
A partnership need not obtain permission from the state before it legally conducts business
Indicate whether the statement is true or false
What term is used to describe the process of allocating finite resources, through performance-related pay, to employees who have contributed most greatly to the achievement of organisational objectives:
a. equitable allocation b. just rewards c. distributive fairness d. equal opportunities
A supervisor at a manufacturing plant is told to dump the chemicals used in the refining process into a local river rather than disposing them properly according to safety regulations. The chief executive officer of the company insists that the chemicals are not harmful to the environment. The supervisor knows that dumping is illegal, but he will lose his job if he reports the issue to authorities at the Environmental Protection Agency. In the context of causes of unethical corporate behavior, this scenario illustrates the supervisor's:
A. obsession with personal advancement. B. expectation of not getting caught. C. dilemma whether the act is wrong or not. D. unwillingness to take a stand for what is right.