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8090 [49]
3 years ago
9

Quarry Corp. has the following costs related to a mine it acquired this year. Cost of land and natural resource rights $200,000

Asset retirement obligation to restore land 50,000 Costs of extraction during year 1 35,000 Equipment used for mining 100,000 Exploration and drilling costs to prepare quarry for extraction 40,000 What amount should be included as an asset for natural resources
Business
1 answer:
frozen [14]3 years ago
8 0

Answer:

$375,000

Explanation:

The computation of the amount included in the natural resource is shown below:

= Cost of land & natural resource rights + cost of extraction during year + equipment used for mining + exploration & drilling cost

= $200,000 + $35,000 + $100,000 + $40,000

= $375,000

Hence, all the cost is inlcuded for natural resource except asset retirement obligation for restoring the land as this is not relevant so we ignored it

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Answer:

Explanation:

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dalvyx [7]

Answer:

III. Points on the PPF curve are the only ones that achieve "productive efficiency"

Explanation:

What is true about productive efficiency is that Points on the PPF curve are the only ones that achieve "productive efficiency".

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3 years ago
Pacanowsky’s cultural approach to organizations offers metaphors for empowered groups in a company acting like jazz musicians, e
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An economist will consider the sunk cost of a product line before recommending an improvement to the product. True or false
Lera25 [3.4K]

Answer:

false

Explanation:

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3 years ago
Watson Company applies overhead on the basis of machine hours. Given the following data, compute the amount of overhead applied
Dmitriy789 [7]

Answer:

A: $1,475,000

Explanation:

The computation of the overhead applied is shown below:

But before that first determine the predetermined overhead rate which is

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= $1,500,000 ÷ 300,000

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= $5 × 295,000

= $1,475,000

6 0
3 years ago
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