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tamaranim1 [39]
3 years ago
10

What is the meaning of deplation​

Business
1 answer:
slava [35]3 years ago
5 0

Answer: The meaning of depletion to allocate the cost of extracting natural resources like oil and minerals from the earth.

Explanation:

  • The term depletion is a concept generally we use in tax and accounting.
  • The meaning of depletion is to move the cost of extracting natural resources like oil and minerals from the earth to the income sheets.
  • It is a non-cash expense that lowers the cost value of an asset gradually scheduling charges to the income.
  • To evaluate the depletion per unit we divide the total cost less salvage value by the total number of estimated units.

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On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 60 million, $1 par, common shares, to b
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Answer and Explanation:

The journal entry is given below:

Stock dividends Dr $60.00  

         To Common stock  $60.00

(Being the issue of stock dividend is recorded)

Here the stock dividend is debited as it reduced the stockholder equity and credited the common stock as it increased the stockholder equity

Also the par per share after the split is $1

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3 years ago
Consider a bond (with par value = $1,000) paying a coupon rate of 7% per year semiannually when the market interest rate is only
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Answer:

Explanation:

Using a financial calculator; input the following;

Duration to maturity ; N = 3*2 = 6

Par value of the bond ; FV = 1000

Semiannual interest rate; I = 3%

Semiannual coupon payment;PMT = (7%/2)*1000 = 35

then compute the price; i.e the present value; CPT PV = 1027.09

The price after 6-months would be as follows;

Duration to maturity ; N = 2.5*2 = 5

Par value of the bond ; FV = 1000

Semiannual interest rate; I = 3%

Semiannual coupon payment;PMT = (7%/2)*1000 = 35

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Who has brainly plus bc i just got it nd dont know what to do with it
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Ending Inventory On January 1, Pope Enterprises' inventory was $625,000. Pope made $950,000 of net purchases during the year. On
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Answer:

Closing Inventory = $550000

Explanation:

The cost of the closing inventory at December 31 can be calculated by taking the trading part of the income statement where we calculate the cost of the goods sold. The cost of the goods sold is the cost associated with the sale of goods made during the year. The cost of the goods sold is calculated as follows,

Cost of Goods sold = Opening Inventory + Purchases - Closing Inventory

Plugging in the values of Cost of goods sold, opening inventory and purchases, we can calculate the closing inventory.

1025000 = 625000 + 950000 - Closing Inventory

Closing Inventory = 1575000 - 1025000

Closing Inventory = $550000

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