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djverab [1.8K]
3 years ago
8

104. During 2017, Logan Corporation acquired a mineral mine for $4,000,000 of which $400,000 was ascribed to land value after th

e mineral has been removed. Geological surveys have indicated that 10 million units of the mineral could be extracted. During 2017, 1, 500,000 units were extracted and 1,000,000 units were sold. What is the amount of depletion expense for 2017
Business
1 answer:
dexar [7]3 years ago
8 0

Answer:

$540,000

Explanation:

Depletion expense = (unit extracted in a year/ total units ) x (Cost- salvage value)

(1, 500,000 / 10,000,000) x (

$4,000,000  - $400,000) = 0.15 × $3,600,000 = $540,000

I hope my answer helps you

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When a toothpaste manufacturer divides the marketplace into smaller targets based on benefits sought by the consumer, this is an
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Answer:

Segmentation.

Explanation:

When a toothpaste manufacturer divides the marketplace into smaller targets based on benefits sought by the consumer, this is an example of market segmentation.

Market segmentation can be defined as the process of aggregating potential consumers (buyers) into a collective groups having common or related needs and are most likely to respond similarly to marketing techniques. These consumers share some traits or characteristics together and these include locations, needs, interests,

A good market segmentation base are divided into four (4) and these are; the behavioral, demographic, psychographic and geographical. Also, these variables are used to determine its strategy or techniques for a market segmentation.

Additionally, tailoring goods or services to the tastes of individual customers on a high-volume scale is a segmentation strategy known as segments of one.

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3 years ago
Shortly after World War II, John Jackson developed and began selling a machine lubricant that was superior to anything currently
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The given scenario is an example of marketing behavior that would occur during the sales era of U.S. business history.

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This refers to the creation of awareness for a particular product by making promotions.

Hence, we can see that based on the given scenario of the machine lubricant that was sold after the WWII, there was the introduction of strong competitors and a sales force had to be hired and this is an example of marketing behavior that would occur during the sales era of U.S. business history.

Read more about marketing here:

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2 years ago
The centers for disease control and prevention reported a survey of randomly selected americans age 65 and older, which found th
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What exactly is the question here? Id help out
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3 years ago
Kevin bought 300 shares of Intel stock on January 1, 2019, for $90 per share, with a brokerage fee of $200. Then, Kevin sells al
DiKsa [7]

Answer:

$27,200

Explanation:

The adjusted basis is the value given to an asset (and used by the IRS) when you have to determine any capital gain or loss resulting from its sale. It should generally be the original cost of purchasing that asset.

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Hope This Helps! :D

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True.......

plz mark me as brain list

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