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Please Help! THANK YOU! 1) A production company has incurred pre-production costs for three educational programs it is producing as follows: (20 pts) Each program
Please Help! THANK YOU! 1) A production company has incurred pre-production costs for three educational programs it is producing as follows: (20 pts) Each program will begin showing January 1,2024. On January 1,2025 , program 1 is found to have no further useful life. a) Assuming proper amortization, how much amortization expense should be recognized for each program in 2024 and 2025 ? b) The company, in order to meet earnings targets, shifts the cost of program 1 to program 2 for amortization. Recalculate your answers from part a based on this information. c) Based on the information in b, by how much is profit overstated in 2025 . d) Briefly discuss the signal(s) that would be helpful in detecting such fraud
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