Posted by & filed under Accounting Principles, Student life.

Description: It’s another blow from the Covid crisis hitting us as 2021 winds down This latest wave of the epidemic is causing problems for schools and universities. Exams are being postponed or moved online. Public schools are closing early for the Christmas break. Amid the turmoil comes this news of the need for better ventilation in our educational facilities to fight airborne transmission of the SARS-CoV-2. Universities are delaying the start of in-person classes for the January 2022 session.

Date:  December 18, 2021



Discussion points:

1) Has the SARS-CoV-2 virus impacted the end of term on your campus or the beginning of the next term?

2) How would you describe the quality of the ventilation at your university?

3) The article notes that 60 of the public schools in New Brunswick do not have integrated mechanical ventilation systems, but there is a plan being developed to deal with the situation. Chapter nine of Wiley’s Financial Accounting: Tools for Business Decision-Making deals with long-lived assets, including a section on distinguishing between operating and capital expenditures. What principles would the Government of New Brunswick use to determine whether or not the installation of new mechanical ventilation systems would be a capital expenditure?

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