Business, 09.12.2021 04:10 XTREME3336
Caldwell Mining Co. acquired mineral rights for $165,025,000. The mineral deposit is estimated at 402,500,000 tons. During the current year, 47,039,000 tons were mined and sold. Required: A. Determine the depletion rate. B. Determine the amount of depletion expense for the current year. C. Journalize the adjusting entry on December 31 to recognize the depletion expense. Refer to the Chart of Accounts for exact wording of account titles.
Answers: 2
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Business, 22.06.2019 09:40
Newton industries is considering a project and has developed the following estimates: unit sales = 4,800, price per unit = $67, variable cost per unit = $42, annual fixed costs = $11,900. the depreciation is $14,700 a year and the tax rate is 34 percent. what effect would an increase of $1 in the selling price have on the operating cash flow?
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Business, 23.06.2019 06:10
Which of the following functions finds the highest value of selected inputs? a. high b. hvalue c. max
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Caldwell Mining Co. acquired mineral rights for $165,025,000. The mineral deposit is estimated at 40...
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