Assignment

Instructions: Do not combine topics. Answer each letter separately. All answers must be at least five sentences. Label each answer individually. Include any references.

1) "Plant Assets" Please respond to the following:

Atwell Company purchased machinery on January 1, 2017, at a cost of $270,000. The estimated useful life of the machinery is 5 years, with an estimated salvage value at the end of that period of $20,000. The company is considering different depreciation methods that could be used for financial reporting purposes. Instructions

(a) Prepare separate depreciation schedules for the machinery using the straight-line method, and the declining-balance method using double the straight-line rate. (Round to the nearest dollar.)

Check figure (a) Double-declining-balance expense 2019 $31,250

(b) Compare and contrast the effect of the 2 methods on net income for each of the 5 years the machinery will be depreciated.

(c) Which method do you recommend and why?

2) "Pricing Products and Distribution Channels" Please respond to the following:

• Imagine that you are a manager at a brick and mortar store that has an online storefront as an additional source of revenue. The company has tasked you with creating ideas to improve logistics in order to increase profitability. Upload a short (one to two [1-2] minute) video using Kaltura to share your ideas. Review the Kaltura tutorial "Student Video Assignment Submission", located in Week 6. You may use an iPad, cellphone, laptop, desktop, or traditional video recorder to record your discussion response. You may embed your video or include the link in the discussion board. Note: Your video must be professional and of academic quality.