Answer:
$4,908,000
Explanation:
The computation of accumulated depreciation expense for this purchase is shown below:-
Depreciation expense = ((Cost of machine - Salvage) ÷ Estimated useful life of machine)
= (($40,900,000 - $4,090,000) ÷ 15) × 2
= $36,810,000 ÷ 15 × 2
= $4,908,000
Therefore for computing the depreciation expense we simply applied the above formula.
Answer:
$735,000
Explanation:
The fair values of the assets may be used as a basis for determining the amount to be recorded for each of the assets.
This will be in a proportional manner such that the higher the fair value, the higher the actual cost assigned and vice versa to the asset.
Hence the amount to be recorded for the building
= 840,000 / (840,000 + 840,000 + 1,120,000) * $2,450,000
= $735,000
Basically saying when a relationship between 2 people is boosted, there is a balance between them. The more equal the rewards, the more permanent the relationship.
Answer:
B. Conflict between professionalism and commercialism
Explanation:
The conflict between professionalism and commercialism speaks to the debate on satisfying the management of an organisation as an auditor in order to meet economic situations and the need to be professionally independent of management in order to make a true and fair statement of the state of the organisation available to the shareholders as well as potential investors and the general public.
Because the management of an organisation runs the day to day affairs of that organisation, the Auditor in performing his duty interacts more with management and as such, the security of his future engagements may depend on favourable opinions of the management. This is commercialism
However, professionalism dictates that ethically, irrespective of the position of the management of an organisation, an auditor should always report the true and fair state of the business.
This represents the conflict expressed by Lynn Turner.
Compliance refers to the practice of ensuring that an organization's systems operate within required legal constraints, and organizational obligations.
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What is Compliance?</h3>
Compliance as used by Government,Industry and Business is defined as the state or practice of following established guidelines or specifications so as to align with the Specific standard of operation and procedures.
Some Regulatory compliance examples includes:
- Health Insurance Portability and Accountability Act (HIPAA)
- Federal Information Security Management Act (FISMA)
- Occupational Safety and Health Administration (OSHA).
It is therefore pertinent that Business and organisation adhere to specific guidelines to ensure smooth running of such organsations.
See more about Compliance: brainly.com/question/10555177
