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On June 30,2018,Staton Island Company discarded equipment costing $40,000.Accumulated Depreciation as of December 31,2017,was $25,000.Assume annual depreciation on the equipment is $2,500.Prepare the journal entries for the 2018 depreciation expense and for the disposal of the equipment.Omit explanation.
Balanced Scorecard Performance Perspectives
A strategic planning and management system that organizations use to communicate what they are trying to accomplish, align day-to-day work with strategy, prioritize projects, products, and services, and measure and monitor progress towards strategic targets.
Qualitative Performance Metrics
Measures used to evaluate the quality aspects of an organization's performance, such as customer satisfaction or employee engagement, that are not easily quantified.
Measure Map
Arrows added to the balanced scorecard showing the expected relationships among performance metrics.
BSC Initiative
A strategic planning and management system that organizations use to communicate what they are trying to accomplish, align the day-to-day work that everyone is doing with strategy, prioritize projects, products, and services, and measure and monitor progress towards strategic targets.
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