Essay
You are an entrepreneur with a great idea for a new business. In order to obtain financing, the loan officer at First Second Third National Bank has requested a budgeted set of financial statements. An accountant friend of yours has mentioned that there are several options associated with plant assets that are available to help you improve your budgeted income.
Describe several decisions concerning property, plant, and equipment that have an impact on reported net income. Are there any ethical concerns in this area?
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