Business

20 July, 22:34

A company purchased a mineral deposit for $800,000. it expects this property to produce 1,200,000 tons of ore and to have a salvage value of $50,000. in the current year, the company mined and sold 90,000 tons of ore. its depletion expense for the current period is equal to:

+1

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “A company purchased a mineral deposit for $800,000. it expects this property to produce 1,200,000 tons of ore and to have a salvage value ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

Gabriele Enterprises has bonds on the market making annual payments, with twelve years to maturity, a par value of $1,000, and selling for $972. At this price, the bonds yield 7.1 percent. What must the coupon rate be on the bonds

A fire has destroyed many of the financial records at Anderson Associates. You are assigned to piece together information to prepare a financial report. You have found that the firm's return on equity is 12% and its equity multiplier is 1.6667.

Examples of customers, consumers and clients

In the early stage of development, the research and development or engineering department may develop a prototype of the product. a. True b. False

What role does the Federal Reserve play?

New Questions in Business

Units to be Assigned Costs Oak Ridge Steel Company has two departments, Casting and Rolling. In the Rolling Department, ingots from the Casting Department are rolled into steel sheet.

Select all the correct answers Amber is writing to an accountant that she would like to interview to gain information about the career field. What information should she include in her letter? A.

What is the acid-test ratio for a merchant with the following account balances? (Round your answer to two decimal places.

When the market fails to adjust for the full costs of a firm's behavior, this is called?

What is the basic formula of the malthus theorem?