Place your order today at a 20% discount
SCENARIO: Tones Company purchased a warehouse in a downtown district where land values are rapidly increasing. Gerald Carter, controller, and Wilma Ankara, financial vice president, are trying to allocate the cost of the purchase between the land and the building. Noting that depreciation can be taken only on the building, Carter favors placing a very high proportion of the cost on the warehouse itself, thus reducing taxable income and income taxes. Ankara, his supervisor, argues that the allocation should recognize the increasing value of the land, regardless of the depreciation potential of the warehouse. Besides, she says, net income is negatively impacted by additional depreciation and will cause the company’s stock price to go down. (Based on Concepts for Analysis 10-6 from Intermediate Accounting.)
Write a paper (500‐750 words) that addresses the following:
Recommendation of an ethical decision in the scenario.
Explanation of how the ethical decision supports the good of the culture and the society.
Implications of applying a Christian worldview within the accounting workplace, in general.
The paper may be written in the first person and must be grammatically correct. At least two external sources should be cited.
About ASAP Essays
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.
Hire a tutor today CLICK HERE to make your first order