Topic 4 long term

The purpose of this assignment is to analyze long-term assets in the financial statements, and to consider financial implications associated with long-term assets.

Complete Problem 10.5 from the textbook.

Use Microsoft Excel to show the calculations of depreciation prior to and after the recommended changes.

n addition, in a Microsoft Word document, write a memo from Patty Chu to Patty’s boss comparing the results of the old and new depreciation expense amounts. Within the memo, discuss the impact to the income statement and balance sheet if these changes are approved. To access a memo template, refer to “Effective Business Writing,” located in the Class Resources. In the “Effective Business Writing” section on the Student Success Center, you will find a “Templates” section with a “Memo Template” you may download and utilize for this assignment.

Finally, provide a recommendation on whether the changes should be made; use your calculations to support your position.

Name the Excel file “LastnameFirstinitial.ACC502.T4,” where the T4 refers to Topic 4 assignment.

Name the Word document “LastnameFirstinitial.ACC502.T4memo.”

• Prepare this assignment using effective business writing style. Refer to the resource, “Effective Business Writing,” located in the Class Resources, for specific guidelines and formatting requirements.