Find the issue, analyze it and recommend
Format for the case
⦁ Overview like little bit about the company
⦁ History
⦁ shareholder
⦁ What kind of business
⦁ Issue 1 then recommendation, write the issue the analyze it by whether capitalize or expense.
The issue would be and item that I purchased or sold so determine weather to capitalize or expense those asset
⦁ Issue 2 and recommendation
The issue would be and item that I purchased or sold so determine weather to capitalize or expense those asset
⦁ Issue 3 and recommendation
The issue would be and item that I purchased or sold so determine weather to capitalize or expense those asset
This is how you do the case and additionally you are required to do
Required:
This case presents a series of transactions and related accounting policy choices.
Discuss the merits of those choices based on accounting principles and in the context of Screen Microtech Incorporated.
Recommend accounting alternatives and prepare a revised 2015 Income statement that incorporates your recommendations.
Tip: It is not explicitly stated in the case but the company purchased $10 million of equipment in 2015 and added this amount to the remaining balance of the old equipment. The purchase of the equipment can be seen on the 2015 SCF.
