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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.

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3 years ago

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3 years ago

Read 2 more answers

In a statement of cash flows: Multiple Choice No noncash transactions are reported in the statement itself or the related footno

vesna_86 [32]

Answer:

The answer is C. The two primary reporting classifications of cash flows are inflows and outflows

Explanation:

Statement of Cash flows is prepared using cash basis i.e it recognizes outflow only when money goes out of the business and recognizes inflow only when money comes in. This is unlike accrual basis. So the primary reporting classifications are inflow and outflow.

Option A is incorrect because non cash transactions are reported in the statement. For example, depreciation under indirect method of preparing operating cash flow is a non cash transaction.

Option B is wrong because operating activities under cash flow statement are not the same as reported under income statement.

Option D is wrong because inflow and outflow are reported under all the three sections of statement of cash flow

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3 years ago

A small publishing company is planning to publish a new book. The production costs will include one-time fixed costs (such as ed

den301095 [7]

Answer:

Break-even point in units= 2,984 units

Explanation:

Giving the following information:

The one-time fixed costs will total 49982. The variable costs will be $8.50 per book. The publisher will sell the finished product to bookstores for 25.25 per book

<u>To calculate the break-even point in units, we need to use the following formula:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 49,982/ (25.25 - 8.5)

Break-even point in units= 2,984 units

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3 years ago