Coronado Corporation acquires a coal mine at a cost of $448,000. Intangible development costs total $112,000. After extraction h
as occurred, Coronado must restore the property (estimated fair value of the obligation is $89,600), after which it can be sold for $179,200. Coronado estimates that 4,480 tons of coal can be extracted. If 784 tons are extracted the first year, prepare the journal entry to record depletion.
Warranty is an assurance that a product will do the work for which it was intended and be of the same quality and grade like others of its class received by a buyer of a product from the seller whether expressly stated or not . This follows that where the product is discovered to be substandard or defective, the seller will either repair or replace the product in line with the terms and conditions of sales.
Implied Warranty is a quality assurance statement given by a buyer to a seller that is neither oral nor written but generally understood by law to be associated with products and services of that industry
It is important for the military to be able to evacuate supplies when necessary because then they can ensure the supplies will be safe the same with people. they do this during a war, major storms, and when plagues happen.
A. Report based on a reporting snapshot that runs daily at 5:00 p.m.
Explanation:
Since the support manager needs a dashboard in the given situation that reflects the number of cases that stay open at 5:00 p.m every day at Universal Containers and in this case, every day at Universal Containers, he likes to work on a reporting snapshot running daily at 5:00 p.m. because it shows the real-time status or we may say that the current status is really required.
