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2 years ago

of the following costs related to the development of natural resources, which one is not a part of depletion cost

Business

1 answer:

ch4aika [34]2 years ago

3 0

Tangible equipment costs associated with machinery used to extract the natural resource

<h3>What is Tangible equipment?</h3>

A tangible asset is one with physical substance. Inventory, a building, rolling stock, manufacturing equipment or machinery, and office furniture are all examples.

Any item that can be physically touched, moved, seen, weighed, measured, or picked up is considered a tangible good. A car, a printed book, clothing, tools, flowers, furniture, or DVDs are all examples of tangible goods.

It is possible to touch something that is literally tangible. A rock, like a broken window, is tangible; if the rock is lying next to the window, it could be tangible evidence of vandalism. When we say that the tension in a room is tangible, we mean that we can feel it so strongly that it almost feels physical.

To know more about Tangible equipment follow the link:

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List five goods that are likely to be sold in a monopolistically.competitive market.

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Answer:

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3 years ago

A leading game console manufacturer reduces the price of its flagship product by 10 percent. Holding other things such as income

nekit [7.7K]

Answer:

E (Last one, you didn't put a letter for it)

Explanation:

The answer is E because a price reduction, depending on how large it is, will mostly have an effect on consumer, or in this case, customer sales. In this case, since it is a smaller percentage, it may not have a very big effect though.

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3 years ago

Everyone has a different vision for what they like to do once they retire. List three things you think you'd like to do once you

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Answer:

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3 years ago

In a marketing context, the acronym imc refers to __________.

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3 years ago

Banning Company uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for

In-s [12.5K]

Answer:

The net realizable value of Accounts Receivable at year end is simply $18,100 ($20,600 - $2,500).

Explanation:

When there was a writeoff, the Company would have debited the allowance account to credit accounts receivable to the tune of $2,400. Also, the additional bad debt expense of $3,500 recorded would have been a debit to bad debt expense and credit to the allowance account. These are all events that transpired during the year. <u>Balance in the allowance account is therefore $1,400 - $2,400 + $3,000 = $2,500.</u>

Note that the ending balance of accounts receivable of $20,600 was only given in the question, which means that when the writeoff happened, the accounts receivable would have been reduced during the year. To arrive at the net realizable value, we do not need to consider the writeoff anymore, just simply back out the allowance for doubtful accounts balance from the accounts receivable.

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3 years ago