Answer: Please see below
Explanation:
Depletion expense = Initial price Purchase - Residual value / Total number of units.
$1,500,000 - $250,000/ 2,000,000 = 0.0625 per ton
if 150,000 tons of ore are mined,
Depletion expense = depletion per ton x units mined
0.625 x 150,000=$93,750
journal entry to record the depletion is:
Account Debit Credit
Depletion expense $93,750
Accumulated Depreciation $93,750
It determines the company's<span> direction. Smart business owners use this </span>statement<span> to remind their teams why their </span>company<span> exists because this is what makes the </span>company<span> successful. The </span>mission statement<span> serves as a “North Star” that keeps everyone clear on the direction of the organization.
Hope this helps, and good luck!</span>
B. False
Institutional advertising does not attempt to sell anything directly. It is type of advertising intended to promote company, business, institution or other similar entity.
Answer:
$894,336
Explanation:
The computation of the present worth of two contracts is shown below:
= (Stable income × PVIFA at 3 years for 10%) + (Signed amount × PVIFA at 2 years for 10%) × PVF at 3 years for 10%
= ($260,000 × 2.4869
) + ($190,000 × 1.7355
) × 0.751314801
= $646,594 + $329,745 × 0.751314801
= $894,336
Refer to the PVIFA table and the discount factor table so that the correct amount could come