accounting convention for each of the following business scenarios. More than one convention may apply to each scenario. Explain your choices for each scenario. Before completing the scenarios consider and describe what role ethics has throughout the accounting process and reporting to internal and external customers. Throughout your assessments ensure that you apply ethics to your decision making and reporting. 1. Scenario 1: The Acme Company is undergoing a reorganization to improve its nancial structure. As part of this process, the company is considering lowering its expense calculations to improve the bottom line net income. 2. Scenario 2: Regal Enterprises has purchased $45,000 worth new equipment for use in its manufacturing operations and would like to write off the cost of this equipment in just a couple of years, instead of the usual 10 years for this equipment type. The company's president fears that the economic conditions in its industry will worsen and cause the company to sell the equipment sooner than expected