Depreciation

1.1 Research background According to Lovelock & Wirtz (2011), services can be defined as economic activities offered by one party to another, usually in the form of time based performances to produce results and value for customers, and usually done without an exchange of ownership of any physical elements that are involved. This means that services are mainly about the exchange of money and intangible goods like labor, skills, and access to facilities, and service customers expect value from…

Overland Trucking 1. Relevant costs that would be incurred with accepting FHP’s proposal would be insurance, fuel, oil lubricants, tolls, parts and small tools, hourly wages for drivers and the trailer pool expense. Fixed costs are not relevant as they will be incurred regardless if Overland accepts the deal or not. These expenses are a fixed amount that do not fluctuate with the number of shipments the company does. 2. The contribution of each mile is $0.76. FHP proposed a price of $2.15/mile…

Section 1031 provides the conditions for involuntary conversion of property with the first condition being when the property is destroyed by a destructive event such as fire. Mrs. Lynn indoor soccer arena is completely destroyed by fire, representing an inventory conversion. In such an event, the exchange associated with the conversion will result in either loss or gains on the transaction that attracts transaction at sale. Complete destruction means absolute loss, which is equivalent to the…

• Performs administrative and analytical functions in support of Operations fiscal year budget totaling $100K; utilizes Enterprise Resource Planning and Farsight databases systems to track, analyzes, generates, monitors, and execute federal or trust funds for assigned program components against ad hoc reports and budget execution plans; helps the developmental of budget formulation, justification targets, current-year operating plans and current year spending variances analyses; reconciles…

1. Find the monthly cash collections for August: According to the question - the water sales in August are the same as June. This means that sales in August will be $3,000,000 The monthly cash collected in August will be: $3,000,000 X .7 = $2,100,000 (August billings collected in August). We would also assume from this question that 90% of the remaining outstanding bills from July would be paid in August. Therefore: 90% of July’s uncollected receivables will be collected in…

Hello All, I made some calls to a few of our competitors including Courtesy, Rainbow, Road Runner, Valley Car, Happy Car, and Accessories plus, to gather some information. For all vehicles, Courtesy requires a deposit of XCD $2,900.00. They offer two CDW options. For USD $8.00 per day, a customer is liable for up to USD $1,600.00 and for USD $12.00 per day, USD $1,200.00. I must note that the person I spoke with was very polite and patient regardless of how difficult I was being. Rainbow’s…

Week THREE Discussion: The Balance Sheet for the Colon Cancer Alliance The Statement of Financial Accounting Standards (SFAS) 117 exists to “enhance the relevance, understandability, comparability of financial statements issued by nonprofit organizations”, making nonprofit financial statements as readable and usable for stakeholders as those of for-profit businesses (Financial Accounting Standards Board as cited in McLaughlin, 2009). It also offers a concise presentation of the accounts as…

The agency that I have chosen to research is Share, which is located in Vancouver, Washington. This in a non-profit agency which serves the local community and Clark County in the pursuit in ending homelessness. The main office is located at 2500 Main Street in Vancouver, with offices and facilities scattered throughout the county. The mission of Share is to lead the hungry and the homeless to self-sufficiency by providing food, shelter, housing, education, advocacy, and compassion through…

post to the response to question 5. I like how you made it clear to follow to each point you had. First, you started off by explaining the definition of a leasehold improvements as it is being capitalized. Then, you also included the rules for depreciation in leaseholds, which really helps to understand what the ethical dilemma can be in this situation. With that in mind, I agree with your conclusion that there would be an ethical dilemma if the person knowingly of the wrong decision makes the…

depth analysis of what depreciation is and why is it used by various business firms. It also reflects on the different types of methods used to determine the depreciation and how it impacts on various financial statements/accounts like cash flow, profit and loss and assets. Table of contents Abstract 1. Introduction 2. What is Depreciation? 2.1 How do assets depreciate? 2.2 How is Depreciation calculated? 3. Why does a business firm use Depreciation? 4. Methodology of Depreciation 4.1 Straight…