ACCT 101 Week 3 BTN 3-3

Jessica Boland works for Sea Biscuit Co. She and Farah Smith, her manager, are preparing adjusting entries for annual financial statements. Boland computes depreciation and records it as

123,000

123,000

Required

How should depreciation be recorded? Do you support Boland or Smith?

Evaluate the strengths and weaknesses of Smith's reasons for preferring her method.

Indicate whether the situation Boland faces is an ethical problem. Explain