The Making Ethical Decisionsbox "Good Finance or Bad Medicine" has an important message formanagers who make financial decisions. Which of the following statements summarizes thismessage?
1. Managers must balance good economic decisions with socially forward thinking.
2. Financial decisions must be based on what insurance companies are willing to pay.
3. Checking academic credentials of recently graduated doctors is imperative due to the costof lawsuits that patients may file if they learn that they were served by a surgeon without alicense.
4. The support of a good law firm is worth every penny a hospital might pay. The financemanager should always budget for a legal team.

Need with an adjusting journal entrycmc records depreciation and amortization expense annually. they do not use an accumulated amortization account. (i.e. amortization expense is recorded with a debit to amort. exp and a credit to the patent.) annual depreciation rates are 7% for buildings/equipment/furniture, no salvage. (round to the nearest whole dollar.) annual amortization rates are 10% of original cost, straight-line method, no salvage. cmc owns two patents: patent #fj101 and patent #cq510. patent #cq510 was acquired on october 1, 2016. patent #fj101 was acquired on april 1, 2018 for $119,000. the last time depreciation & amortization were recorded was december 31, 2017.before adjustment: land: 348791equpment and furniture: 332989building: 876418patents 217000