Question Essay Example | Topics and Well Written Essays - 250 words - 8

Question - Essay Example When the level of technology is low or out of date, the system level autonomy is limited due to lack of proper requirements while when the level of technology is good, the system level is less limited. This matters a lot. Low level of investment is likely to limit the level of the autonomy of the system-level whereby this will be due to lack of adequate resources while on the other hand if the investment is good the system-level may not be much limited. The surrogate hierarchy of decision making is based on the fact the in the absence of the competent advanced directives, decision still have to be made. In this case the surrogate hierarchy comes into play. The hierarchy of the surrogate decision making is therefore as follows: In case it reaches the decision making point when the suffering patient is out of reach the first people to be consulted in this case are the patients spouse with help in the final decision making. State registered domestic partners are also allowed to come in and play this role together with the sibling. This may come in place due to self selection and convenience selection. Self selection occurs when individuals allocate resources for themselves while convenience occur when occur when resources are easy to allocate This principle is composed of all the conditions that the society experiences and the positivity behind those conditions. All community must actively show concern towards improving the health awareness in order to make it a better place. This principle has three essential elements which are social welfare, peace and security and respect for persons. It is in line with the concept of human dignity, common good and human rights. It implies what the society at large can offer to individual person. This principle requires that every person within the society be able to access basic health care services that are necessary. This is a policy which its objective is to educate and create awareness to the

Depreciation Essay Example | Topics and Well Written Essays - 2500 words

Depreciation - Essay Example The management of a business usually selects an appropriate method of depreciation depending on the kinds of assets employed in the business, the nature and purposes for which the assets are put to use in the business and the general conditions prevailing in the business environment. Sometimes the business may use a combination of one or more methods of charging depreciation. With this background, this paper analyses the calculation and accounting of depreciation for various kinds of assets in the light of the statement that "Accountants generally prefer to show fixed assets on the balance sheets of limited companies at their original cost, less an estimated amount of depreciation." "The assets of a business arephysical resources owned and used by the business and arelisted on the balance sheet to reflect the value." The assets are classified into two major classifications: current assts and non-current assets. Current assets are those which can be or expected to be converted into cash within a short trading cycle usually a year or so. The current assets are usually short term assets and are meant to be for the short term use of the business. Examples of current assets are cash, inventory and receivables. The non-current assets representing fixed assets that are of long term or more permanent in nature employed in the business. The non-current assets include assets like land, buildings, plant and machinery, equipments and vehicles. The non-current assets have some characteristic features that are common to this class of assets. The purpose of acquiring these assets is to use in the business as against converting into cash on a business venture. Except for the investments in land, the cost of other non-current assets is gradually written off over the period of useful life. This amount that is being written off is being treated as an expense for doing the business and is reflected as depreciation in the profit and loss statement of the business. The depreciation is a periodic charge over the respective assets. The dollar value of non-current assets is shown on the balance sheet as the original cost of the item at the time of purchase (the net asset value is calculated by deducting the accumulated depreciation from the marginal cost)(Business Victoria) 3.0 Definition of Depreciation: A precise definition of depreciation may take the following form: "Depreciation is a measure of the wearing out, consumption or other loss of value of a depreciable asset arising from use, effluxion of time or obsolescence through technology and market changes. Depreciation is allocated so as to charge a fair proportion of the depreciable amount in each accounting period during the expected useful life of the asset. Depreciation includes amortisation of assets whose useful life is predetermined. Depreciable assets are assets which (i) are expected to be used during more than one accounting period; and (ii) have a limited useful life; and (iii) are held by an enterprise for use