Onslow co. purchases a used machine for $178,000 cash on january 2 and readies it for use the next day at a $2,840 cost. on january 3, it is installed on a required operating platform costing $1,160, and it is further readied for operations. the company predicts the machine will be used for six years and have a $14,000 salvage value. depreciation is to be charged on a straight-line basis. on december 31, at the end of its fifth year in operations, it is disposed of. problem 8-6a part 1 required: 1. prepare journal entries to record the machine’s purchase and the costs to ready and install it. cash is paid for all costs incurred.

Who is better at multi-tasking? in business, employees are often asked to perform a complex task when their atten-tion is divided (i.e., multi-tasking). human factors (may 2014) published a study designed to determine whether video game players are better than non–video game play-ers at multi-tasking. each in a sample of 60 college stu-dents was classified as a video game player or a non-player. participants entered a street crossing simulator and were asked to cross a busy street at an unsigned intersec-tion. the simulator was designed to have cars traveling at various high rates of speed in both directions. during the crossing, the students also performed a memory task as a distraction. two variables were measured for each student: (1) a street crossing performance score (measured out of 100 points) and (2) a memory task score (measured out of 20 points). the researchers found no differences in either the street crossing performance or memory task score of video game players and non-gamers. “these results,” say the researchers, “suggest that action video game players [and non-gamers] are equally susceptible to the costs of dividing attention in a complex task”