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Answer:
depletion expense 103,560
Explanation:
The first step, is to calculate the rate per ton
coal mine 1,001,000
coal reserve 58,000
We divide the total coal reserve for the mine cost.
depletion rate 1.001.000/58.000 = 17,2586 = 17.26
Then we multiply bythe tons extracted for the period
depletion for the first year 6,000 tonds x 17.26 per ton = 103,560
This will be the depletion expense for the year.
Answer:
Contributions to Roth IRAs aren't tax deductible, but withdrawals made at retirement aren't taxed.
Explanation:
Roth IRA refers to an individual retirement account that allows a tax-free growth and tax-free withdrawals in retirement. Roth IRAs are best when one's taxes would be higher at the point of retirement than present day.
The contributions made to the Roth account are are often made with after-tax money, which cannot be deduct; for this reason, the contribution grows and these contributions aren't taxed.
It is also to be note that, earnings in a Roth account can be tax-free rather than tax-deferred
Answer:
$8,000
Explanation:
The following compensation cost shall be recognised in the accounts of the Company as at December 31, Year 1 in respect of employee share options:
5,000*8*1/5=$8,000
In the above calculation, 5000 represents number of share granted to employee,8 represent the fair value of the option at the grant dated and 1/5 represent first year of the 5-year requisite service condition for the exercise of share options.
Answer:
What are the disadvantages of cryptocurrencies?
Drawback #1: Scalability.Drawback #2: Cybersecurity issues.Drawback #3: Price volatility and lack of inherent value.Drawback #4: Regulations.The takeaway:
