On april 1, 2016, fossil energy company purchased an oil producing well at a cash cost of $12,000,000. it is estimated that the oil well contains 600,000 barrels of oil, of which only 500,000 can be profitably extracted. by december 31, 2016, 25,000 barrels of oil were produced and sold. the amount of depletion expense for 2016 on this well would be:

At the end of the year, blossom co. has pretax financial income of $561,000. included in the $561,000 is $73,000 interest income on municipal bonds, $25,000 fine for dumping hazardous waste, and depreciation of $64,400. depreciation for tax purposes is $48,300. compute income taxes payable, assuming the tax rate is 30% for all periods.

Which statement is true of both presidential and parliamentary systems of government? a. the executive branch operates independently from the legislative branch. b. the members of the legislative branch are directly elected by the people. c. the head of government is chosen by members of his or her political party. d. the head of government is directly elected by the people

If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?