They can afford top notch healthcare
Explanation:
Manage an organization is a complex task, which must be performed by a leader with well-developed skills. Currently, in the globalized era, where there is an intense flow of information and an extremely competitive market, there are leadership characteristics that cannot be overlooked.
In centralized organizations, there is less flexibility in the organizational structure, and power is concentrated in the hands of the highest hierarchical level of the organization, it is what can be called distance of power, which is a type of autocratic leadership where there is no greater participation decision-making.
However, this characteristic is less and less recurrent in a market marked by cultural and technological interactions.
Business management by an autocratic leader is being replaced by assertiveness, which is the characteristic of a democratic leader, whose focus is on the inclusion of people, assistance and leadership aimed at creating an organizational culture based on ethical concepts, respect and reliability .
Therefore, in the current scenario, where companies have a highly valued social responsibility, leadership must be focused on the inclusion and appreciation of employees, creating a sense of unity and appreciation so that there is a positive work environment and increase their position in the market
Answer:
a. Debit Depreciation expense $6,400
Credit Accumulated depreciation $6,400
b. $33,600
Explanation:
Depreciation is the systematic allocation of cost to an asset. It is given as
Depreciation = (Cost - salvage value)/estimated life
When accumulated over time, it is known as accumulated depreciation which is deducted from the cost to get the carrying amount of the asset.
Depreciation
= (100000 - 10000)/6
=$15,000
Between 2015 and start of 2019 is 4 years hence
accumulated depreciation at start of 2019
= $15,000 × 4
= $60,000
Net book value = $100,000 - $60,000
= $40,000
If the asset life is to be extended by 3 years, the remaining useful life changes from 2 to 5 years.
New depreciation rate
= (40,000 - 8000)/5
= $6,400
To record this for 2019,
Debit Depreciation expense $6,400
Credit Accumulated depreciation $6,400
The book value of the equipment at the end of 2019
= $40,000 - $6,400
= $33,600
