Answer:
$14.71
Explanation:
Each veggiburger costs $3.25, the salad costs $2.50, the fries cost $1.50 and each coffee costs $0.90.
Your total bill without taxes or tips = $6.50 + $2.50 + $1.50 + $1.80 = $12.30
If we add the 4% our total increases to = $12.30 x 1.04 = $12.79
Generally I tip on the taxes, so the total bill including taxes and tip = $12.79 x 1.15 = $14.71
<u>Solution and Explanation:</u>
1 Amount of depletion, impairment and amortization for the current year
A Cost of timber rights on a tract of land $3,461,120
Estimated stand of timber 5,408,000
Cost of depletion per board feet (3461120 divided by 5408000) $0.64
Current year depletion charges for 1,028,300 board feet $658,112
B Impairment loss $3,640,000
C Cost of Patent $6,108,000
Estimated economic life 10 years
Amortization period 3/4
Amortization $458,100
2 <u>Adjusting entries </u>
Account Titles Debit Credit
a Depletion expense $658,112
Accumulated depletion $658,112
b Loss from Impaired Goodwill $3,640,000
Goodwill $3,640,000
c Amortization expense-Patents $458,100
Patents $458,100