Depreciation Expense

Question 1

Please answer the following questions and provide the requested information for Santa. (And be sure to follow the directions and answer the questions to the best of your ability to avoid getting coal in your stocking this year.)

1. Complete the fixed asset schedule with the new assets.
2. Using the functions embedded in the spreadsheet, the IRS tables and using formulas to complete the calculations figure the amount of depreciation for each asset. Your finished fixed asset schedule should have depreciation for 2017 and 2018 for each asset. You should also total the depreciation expense for the assets for each year. Print out the fixed asset schedule, formatted to one page, and turn in on December 5 in class. Also upload your electronic Excel file to Canvas before class.
3. Calculate the gain or loss for the two disposals in 2017. Be sure to include gain or loss for each year reporting is required for the sale of both assets.
4. Assuming Santa has adequate income, which of the assets obtained this year by the LLC are eligible for Sect. 179? Does Santa have any limitations on the amount of Sect. 179 he would be allowed to take? If so, what are they? If not, why not?
5. Which of Santa’s new assets are eligible for 50% bonus depreciation treatment?
6. Should all the new assets purchased be added to the fixed asset schedule? If not, identify any that should not be added and explain why.
7. Santa has still not named his two new reindeer. If you have any ideas, please share them.

As always, please turn in any workpapers with your assignment. Your grade will be calculated on the accuracy of your calculations for depreciation and gain or loss, and your ability to follow directions.

Question 2

Leadership and Organizational Management. Leaders address issues and propose solutions. As a leader, you’ll need to stay on top of events that may facilitate or hinder productivity. You must create and implement solutions to address these issues. This assignment exposes you to complex modern organizational challenges. The solutions you devise should reflect your learning and research of organizational and individual influences in the workplace. PREPARATION 1. Select an organization Select an organization in which current events have adversely affected productivity, requiring management to resolve an issue related to: corporate culture, managing diversity, leading teamwork, and developing motivational strategies. The organization should be one with which you are familiar — where you work now or have worked previously (business, nonprofit, government, or military). You may also consider other organizations in the news, such as Macy’s for the retail industry, United for the airline industry, Wells Fargo for the ban