Why is the Modified Accelerated Cost Recovery System not generally accepted for financial accounting purposes?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 33% (9 reviews)
The Modified Accelerated Cost Recovery System is not gene...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Question Posted:
Students also viewed these Accounting questions
-
Modified accelerated cost recovery system (MACRS) depreciation is allowed by the IRS but usually is not used in financial reporting. Why do you think this is the case?
-
According to the Modified Accelerated Cost Recovery System (MACRS) of depreciation imposed by U.S. tax law, autos and computers must be depreciated the following way for tax purposes: What is the...
-
The Modified Accelerated Cost Recovery System (MACRS) is a depreciation method which is used for tax purposes. must be used for financial statement purposes. is required by the SEC. expenses an asset...
-
If f(x) = 5x + 1, find and simplify each of the following in Problem. f(f( -1))
-
Two movie theaters compete for the business of 1,000 customers. Assume that each customer chooses between the movie theaters independently and with "indifference." Let N denote the number of seats in...
-
Explain the constraints facing investors and discuss how each limits the investor in the portfolio management process.
-
The stockholders' equity of Lakewood Occupational Therapy, Inc., on December 31, 2009, follows. On April 30, 2010, the market price of Lakewood's common stock was $14 per share and the company...
-
Identify common inherent risk factors that companies involved in the entertainment industry pose for their independent auditors. List and briefly describe specific audit procedures that would not be...
-
Using process capability studies, processes may be classified as being in statistical control and capable. Explain the basis and meaning of this classication.
-
Implied Volatility. Replicate the Implied Volatility Smile Figure on Page 12 of LN3, using current Call options data on the S&P500 (SPX) maturing on January 20, 2023. Please state the assumptions you...
-
Does the balance in the Accumulated DepreciationMachinery account represent funds to replace the machinery when it wears out? If not, what does it represent?
-
What accounting concept justifies charging low-cost plant asset purchases immediately to an expense account?
-
A negative point charge q = -7.20 me is moving in a reference frame. When the point charge is at the origin, the magnetic field it produces at the point x = 25.0 cm, y = 0, Z = 0 is B = (6.00 T}j,...
-
A double acting reciprocating pump has a piston of \(400 \mathrm{~mm}\) diameter and piston rod of \(40 \mathrm{~mm}\) diameter. Stroke length is \(300 \mathrm{~mm}\) and speed is \(60...
-
A single stage single acting air compressor has intake pressure 1 bar and delivery pressure 10 bar. The compression and expansion follow the law \(\mathrm{pV}^{1.3}=\) constant. The piston speed and...
-
An air compressor has eight stages of an equal pressure ratio of 1.4. The flow rate through the compressor and the overall efficiency are 40 \(\mathrm{kg} / \mathrm{sec}\) and \(92 \%\),...
-
A single stage, the single acting compressor has a bore of \(170 \mathrm{~mm}\) and stroke of \(260 \mathrm{~mm}\). it runs at \(130 \mathrm{rpm}\). The suction pressure is 1 bar and delivery...
-
A double acting, single cylinder, reciprocating air compressor has a piston displacement of \(0.014 \mathrm{~m}^{3}\) per revolution, operates at \(600 \mathrm{rpm}\) and has a \(4 \%\) clearance....
-
How have other sports responded to athlete concerns about mental health? How have athletes in other sports brought attention to mental health concerns in their sport?
-
The activities listed in lines 2125 serve primarily as examples of A) Underappreciated dangers B) Intolerable risks C) Medical priorities D) Policy failures
-
What is the goal of Equity? Equity (The Actors Equity Association) is a labor union that represents live-theater actors and stage managers. A study by the union shows that women and minorities get...
-
Soku Company issues 36,000 shares of $9 par value common stock in exchange for land and a building. The land is valued at $225,000 and the building at $360,000. Prepare the journal entry to record...
-
Match each description 1 through 6 with the characteristic of preferred stock that it best describes by writing the letter of that characteristic in the blank next to each description. A. Cumulative...
-
On June 30, 2011, Quinn Corporations common stock is priced at $31 per share before any stock dividend or split, and the stockholders equity section of its balance sheet appears as follows. Common...
-
Write a program to print below pattern? 1 23 456 78910
-
Write a Python function called integer_set(n) that takes as input a nonzero positive integer n and returns a set with all the digits of n (without repetitions). # testing Question integer_set(111)...
-
Create journal enteries for the following transactions. One of Natalie's friends, Curtis Lesperance, runs a coffee shop where he sells specialty coffees and prepares and sells muffins and cookies. He...
Study smarter with the SolutionInn App