For financial reporting, Kumas Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2021 for $2,800,000. Its useful life was estimated to be six years with a $220,000 residual value. At the beginning of 2024, Kumas decides to change to the straight-line method. The effect of this change on depreciation for each year is as follows: Year 2821 2822 2823 ($ in thousands) Declining Straight- Line Balance $933 $ 430 430 622 430 415 $ 1,290 $ 1,970 View transaction list Required: 2. Prepare any 2024 Journal entry related to the change. Note: Enter you answers rounded to the nearest dollar. If no entry is required for a transaction/event, select "No Journal entry required" In the first account field. Journal entry worksheet Difference $ 503 192 (15) Note: Enter debits before credits. Record the adjusting entry for depreciation in 2024. Event 1 $ 680 Record entry General Journal Clear entry Debit Credit View general Journal

1. Choose the ethical considerations that Amahle Khumalo should recognize in deciding how to proceed. Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. Check my work is not available. Khumalo should exercise initiative and good judgment in providing management with information having a potentially adverse economic impact Khumalo should determine whether the controller's request violates her professional or personal standards or the company's code of ethics. ? Khumalo should protect proprietary information and should not violate the chain of command by discussing this matter with the controller's superiors ?Khumalo should not try to convince the controller regarding the probable failure of reworks.

Some accountants argue that the receiving department should be eliminated. Discuss the objective of eliminating the receiving function. What accounting/audit problems need to be resolved.

what exactly is a cookie jar reserve?  Does using a cookie jar reserve follow GAAP?  Does using a cookie jar reserve appear to be an ethical practice?  Support your opinion.  Your post should be more than a single sentence.