Accounting discussion board
Select one of the following independent cases. Each student should select a different case. For the case you select, discuss whether you agree or disagree with the position taken by the company or individual. Use generally accepted accounting principles in defending your position.
Ms. Carter, president of a company that manufactures specialty food items, states:
We shall have no difficulty in paying for our new plant assets needed during the coming year because our estimated outlays for new equipment amount to only $80,000 and we have more than twice that amount in our accumulated depreciation account at present.