In the 30 June 2014 annual report of Sonner Ltd, the equipment A was reported as follows: Equipment A (at cost)

Accumulated Depreciation

Estimated useful life

Sonner Ltd measure the equipment by the revaluation model. This has resulted in the recognition in previous periods of an asset revaluation surplus for the equipment of $20 000. At 30 June 2014, Equipment A was revalued to $ 500,000.

Required : Prepare the journal entries to revalue the equipment A at 30 June 2014. (Apply both method)

(400 000)

600 000

10 years

David burdick is the ceo of acme bubblegum, a successful public company. as one of the cofounders of the company, burdick has enjoyed speaking and writing about the success of acme bubblegum for several years. typically, he speaks at conferences or directly to the press, but recently, he has been blogging about his firm anonymously. specifically, he defended a recent advertising campaign that was unpopular among consumers and pointedly attacked one of acme bubblegum’s competitors. burdick deeply enjoys his anonymous blogging and believes that none of his readers actually know that he works for acme bubblegum.should burdick be allowed to praise his company’s performance anonymously online? should he be allowed to attack his competitors without disclosing his relationship with the company? how would you feel if the ceo of a company at which you shopped was secretly writing criticisms of his or her competition? how would you feel if you knew a writer for your favorite blog was actually closely involved in a company that the blog discussed? 1. define the ethical issue? 2. who are the primary stakeholders? 3. what are the possible alternatives? 4. how could you evaluate the ethical implications of the alternative actions (use appropriate decision rules)? 5. what action would you recommend and why?