Week 4 Topic 4 Long-Term Asset Capitalization Assignment
The purpose of this assignment is to analyze long-term assets in the financial statements, and to consider financial implications associated with long-term assets.
Complete Problem 10.5 from the textbook (see attachment)
Use Microsoft Excel to show the calculations of depreciation prior to and after the recommended changes. In addition, in a Microsoft Word document, write a memo from Patty Chu to Patty’s boss comparing the results of the old and new depreciation expense amounts. Within the memo, discuss the impact to the income statement and balance sheet if these changes are approved. Finally, provide a recommendation on whether the changes should be made; use your calculations to support your position.
- Name the Excel file “LastnameFirstinitial.ACC502.T4,” where the T4 refers to Topic 4 assignment.
- Name the Word document “LastnameFirstinitial.ACC502.T4memo.”
While APA style is not required for the body of this assignment, solid academic writing is expected, and documentation of sources should be presented using APA formatting guidelines, which can be found in the APA Style Guide, located in the Student Success Center.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are not required to submit this assignment to LopesWrite.