Congress has enacted two special rules under MACRS, immediate
expensing (§179) and additional first year “bonus” depreciation.
With the current limitations in place, will these special rules
provide significant business deductions for small and mid-sized
business owners? Will these special rulings impact deductions for
large corporate entities?
1. Under current accounting rules, what are the
financial reporting differences between an operating lease and a
capital lease? How will this change with the new accounting rules
effective in 2019/2020?
2. Are current footnote disclosures sufficient to overcome
nonrecognition on the balance sheet of assets and related
liabilities for operating leases? Explain.
3. Is the expense of a lease over its entire life the same
whether or not it is capitalized? Explain.
What are the similarities and differences between the two tests
for the difference between two population means? Under what
condition should we use the test for the matched samples?
What are two differences between Medicare and Medicaid. What are
two similarities between the programs? Some people are eligible for
both Medicare and Medicaid. Who are they? Describe an
example of an alternative policy approach that might improve the
care provided to this group of people and do so at a lower
cost.
1. Explain differences between Independent Events and Mutually
Exclusive Events.
2. Describe the two basic rules of probability.
3. Describe the purpose of a contingency table. What are the
differences between a contingency table and a frequency (pivot)
table we discuss earlier in our course?
4. Describe the purpose and application of Bayes' Theorem.