Depletion method is used to provide a depletion charge for assets which have a depletion nature in the usage of the resources such as mines, quarries and oil wells.

Depletion Charge = Cost /Expected Total Contents in Units × Number of Units taken in the Period

= $225,000 /1,000,000 × 250,000

= $ 56,250

3 0

3 years ago

A team consists of employees from the same department who meet for a few hours each week to discuss ways of improving the work e

dusya [7]

It is a problem solving team

6 0

3 years ago

A company received an order from a customer in June for services to be provided. Those services were provided in July, and the c

scZoUnD [109]

Answer:

B. July

Explanation:

The principle of revenue recognition arises whenever the income is realized or earned whether cash is collected or not and it also supports the accounting accrual basis. Realizable here means that the customer obtains the product however the payment is made afterward.

So, in the given case, the service is provided in the July month and the same is to be recorded on the July month

8 0

3 years ago

Refer to the graphs, in which the numbers in parentheses near the AD1, AD2, and AD3 labels indicate the level of investment spen

lutik1710 [3]

Answer:

$50? ($150 is not the correct answer)

Explanation:

7 0

4 years ago