Answer:
$1,512,000
Explanation:
The computation of the depletion expense is shown below:
= (Purchase value of mineral mine - the estimated value of the property + development costs) ÷ estimated tons × number of tons sold
= ($5,100,000 - $300,000 + $1,500,000) ÷ 2,000,000 tons × 480,000 tons
= $1,512,000
Simply we deduct the estimated value of the property and added the development cost to the purchase value of mineral mine and then do the proportionate so that the accurate value can come
Answer: 0
Explanation:
Firstly, we will calculate the nominal value in 2015 which will be:
= $500 x 1 million
= $500 million
The nominal value in 2016 will be:
= $1000 x 1 million
= $1 billion
Real GDP will be the price of the base year multiplied by the quantity of the current year which will be:
= $500 million x 1 million sets
= $500 million
Therefore, the increase in real GDP is zero.
OSHA requires that employers pay for most required personal protective equipment (PPE), including:
c) Hard hats.
Answer:
Explanation: The Accounting Equation (Assets= liabilities +Equity) shows the relationship between a company's assets, Liabilities and owners equity which at the end of the day balance out.
Assets reflect the total value of the property that the business has, and which is in its turnover.
Liabilities reflect the size of the financing of an organization’s assets by third parties, banks, and private financial institutions.
Owner's Equity is characterized the value of investments made in this organization by its owner/s (shareholders). It can be said to be Capital plus retained earnings.
The accounting equation can be said to be Assets = liabilities+capital+revenue-expenses -dividend.
this is simply put that assets are totality of a company's liabilities, capital, revenue, expenses and dividend.
Answer:
1. $20,000.
Explanation:
unrealized holding loss = Aggregate cost - Aggregate fair value
= 180,000 - 160,000
= ($20,000) Loss
Therefore, The amount that Valet should report in its 2018 income statement for unrealized holding loss is $20,000.