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Dennis_Churaev [7]
3 years ago
11

Weber Company purchased a mining site for $1,750,000 on July 1. The company expects to mine ore for the next 10 years and antici

pates that a total of 400,000 tons will be recovered. The estimated residual value of the property is $150,000. During the first year, the company extracted 6,500 tons of ore. The depletion expense is
a. $15,000
b. $17,500
c. $26,000
d. $16,000
Business
1 answer:
stepan [7]3 years ago
3 0

Answer:

c. $26,000 

Explanation:

Depletion expense is a method of expensing the cost of using natural resources.

Depletion expense = (actual tons extracted/ total estimated tons to be extracted) × ( Cost - Salvage value)

6500 / 400,000 × (1,750,000 - $150,000)

0.016250 × $1,600,000 = $26,000

I hope my answer helps you

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Answer:

true

Explanation:

For example, if a bank account has a $100 minimum balance requirement, you want to make sure that you don't let your balance fall to $99.99 or less.

4 0
3 years ago
Recently, some college alumni started a moving service for students living on campus. They have 3 employees and are debating hir
SVETLANKA909090 [29]

Answer: a. 2

b. $200

c. Should not

Explanation:

a. The new employee's marginal product of labor is ______.

This will be:

= 5 - 3

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Since the company charges $100 for a moving job, the value of the marginal product will be:

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Since the marginal cost is more than the marginal product, the company should not hire another worker.

5 0
3 years ago
PLEASE ANSWER
MaRussiya [10]

Answer:

C.

Explanation:

Collateral consequences are legal and regulatory restrictions that limit or prohibit people convicted of crimes from accessing employment, business and occupational licensing, housing, voting, education, and other rights, benefits, and opportunities.

In this scenario, the clerk cannot get a job anymore after he stole credit card information. He cannot be trusted anymore due to his actions.

4 0
2 years ago
Sandhill Chemicals Company acquires a delivery truck at a cost of $30,800 on January 1, 2022. The truck is expected to have a sa
oksian1 [2.3K]

Answer:

$6,775

Explanation:

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Straight-line method:

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= ($27,100) ÷ (4 years)  

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3 0
3 years ago
What effects are Mary and Todd likely to face if they declare bankruptcy? Check all that apply.
ahrayia [7]

1, 4, and 5 just done the assignment and got it correct

8 0
3 years ago
Read 2 more answers
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