Answer:
devopment expense 4,000,000
software package depreicaiton expense 2,000,000
training employees expense <u> 50,000</u>
Total expenses 6,050,000
Explanation:
the cost before the knowledge of future benefit will come for the development of the software is treated as expense. The reasoning behind this is the potential uncertainty about the furture at this time. The company didn't know about the likelihood of future benefits.
The toher 8,000,000 million will be amortize over a 4-year period:
8,000,000 / 4 = 2,000,000 depreciation expense
The training wil be considered expense for the period.
Answer: $20,000
Explanation:
The effect of the lease on Lakeside's earnings will be the difference between the earnings from the lease and the cost of the building which will be depreciation.
Depreciation = 2,300,000/25
= $92,000 per year
Earnings per year;
= 28,000 * 4
= $112,000
Increase in earnings = 112,000 - 92,000
= $20,000
Answer:
b. The project manager outlines the project goals
Explanation:
As the name suggests, a project kick off meeting refers to the first and foremost meeting between project manager and his team and the clients of a project when commencing a new project.
The purpose behind such a meeting is to familiarize the project team, make them better understand the project and it's requirements and agreeing upon a plan of work together to accomplish the task.
Following steps would be noteworthy for conducting an effective project kick off meeting:
- The project manager prepares his team and outlines and conveys the project goals to the team members and how they are to be attained.
- Beginning the project client relationship on a good note and gaining client's support.
- Putting one's best efforts with a systematic planned approach for the project kick off client meeting.
The hedonic treadmill is the tendency for people to return to a stable level of happiness after major positive or negative events in their life.
