Answer:
$562,500
Explanation:
Depletion expenses = Land expenses
Depletion expenses = [$2,300,000 - $50,000 / 4]
Depletion expenses = $2,250,000 / 4
Depletion expenses = $562500
So, the depletion expense recorded for 2018 is $562,500
Answer:
a) Bond A's current yield is greater than that of Bond B.
TRUE As every other alternative as been proveed incorrect
Also, this satement refers to the amount stated in the coupon rate.
Explanation:
c) Bond A trades at a discount, whereas Bond B trades at a premium.
FALSE
A trades as premium as thei coupon rate is higher than market value so investor are willing to purchase at a hihger price until achieve the 8% return
d) If the yield to maturity for both bonds remains at 8%, Bond A's price one year from now will be higher than it is today, but Bond B's price one year from now will be lower than it is today.
FALSE As A is traded at premium it will decrease over time to match the face value
e) Bond A's capital gains yield is greater than Bond B's capital gains yield.
FLASE As Bond A will decrease their price over time it will make capital losses.
Answer:
$2,400
Explanation:
The computation of the depreciation expense under the activity-based depreciation method is shown below:
= (Original cost - residual value) ÷ (estimated production units)
= ($12,000 - $4,000) ÷ (20,000 units)
= ($8,000) ÷ (20,000 units)
= $0.4 per unit
Now for the first year, it would be
= Production units in first year × depreciation per unit
= 6,000 units × $0.4
= $2,400
15% of 2,300 is = 345
345 is the profit you gained
2,300 is the selling price of the stock
2300(selling price) - 345(profit) = 1955
the paid for the stock is 1955
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