On January 2, 2011, the Wilcox Studios Leased Six Computers

question 36

Essay

On January 2, 2011, the Wilcox Studios leased six computers for use in the engineering department. The lease period is for 13 years and the estimated economic life of the leased property is 15 years. The lease does not contain automatic title transfer or a bargain purchase option. Lease payments are $9,000 per year, payable each December 31. The incremental borrowing rate for Wilcox is 12 percent and the implicit interest rate (known by Wilcox) is 10 percent. The company uses straight-line depreciation for this type of equipment.
Provide the necessary journal entries to record the transactions for Wilcox for the period January 2, 2011 through December 31, 2012.

Understand the negative consequences of unethical leadership.

Apply ethical theories to leadership situations.

Examine the moral responsibilities of leaders.

Comprehend the role of virtue and character in ethical leadership.

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Definitions:

Multimedia News Releases

Press releases that incorporate various forms of media, including text, images, video, and links, to enhance their appeal and effectiveness.

Business Wire

A company specializing in the distribution of press releases and corporate information to news organizations and stakeholders.

Speeches

Speeches are formal addresses or discourses delivered to an audience for a variety of purposes, such as to inform, persuade, entertain, or inspire.

Schramm's Model

Schramm's Model is a theory in communication that emphasizes the importance of feedback in the encoding and decoding processes between the sender and receiver.