[Get Answer ]-Ethics Accounting

/in /by

Question Description

After reading the following,  discuss in detail the following questions.

On May 31, 2012, Express Delivery, the overnight shipper,had assets of $21,000,000 and total liabilities of $13,000,000,000. Includedamong the assets were property, plant and equipment with a cost of$17,000,000,000. During the year ended May 31, 2012, Express delivery earnedtotal revenues of $28,000,000 and had total expenses of $25,000,000,000 ofwhich $8,000,000,000 was depreciation expenses. The CFO and the controller areconcerned that the results of 2012 will make investors unhappy. Additionally,both hold stock options to purchase shares at a reduced price, so they wouldlike to se the market price continue to grow. They decide to  “ extend” the life on assets so thatdepreciation will be reduced to $5,000, 000,000 for 2012.

Get Your Custom Essay Written From Scratch

We have worked on a similar problem. If you need help click order now button and submit your assignment instructions.

Get Answer Over WhatsApp Order Paper Now

Just from $13/Page

  1. Discuss the motivation for the changes in the asset lives.
  2. Discuss the impact of the change on the net income.
  3. Discuss whether you find the change ethical or unethical
  4. Discuss whether AICPA code of conduct section 50 and 300 will help you make an ethical decision.

Needs help with similar assignment?

We are available 24x7 to deliver the best services and assignment ready within 3-4 hours? Order a custom-written, plagiarism-free paper

Get Answer Over WhatsApp Order Paper Now