Answer and Explanation:
the journal entry is given below:
Depletion Expense $1,358,500
To Accumulated Depletion $1,358,500.
(Being depletion expense is recorded)
Here the depletion expense is debited as it increased the expense and credited the accumulated depreciation as it decreased the assets
Working note
Depletion expense is
= ($5,900,000 + $600,000) ÷ $2,000,000 × 418,000
= $1,358,500
Answer:
Financial markets help to efficiently direct the flow of savings and investment in the economy in ways that facilitate the accumulation of capital and the production of goods and services.
The Illini Union Bookstore on the University of Illinois campus has partnered with Amazon to create the first pickup location for Amazon products in Illinois.
What benefits does the collaboration offer?
For orders ordered before noon and for orders placed before 10 p.m., Amazon Prime members will enjoy Free Same-Day Pickup and Free One-Day Pickup, respectively. For a six-month free trial period followed by a 50 percent discount on the standard price of Prime, students can join up for an Amazon Prime Student membership. The worry that a shipment might be harmed or stolen after it has been delivered is also removed.
How will the presence of Amazon affect the Illini Union Bookstore?
The University of Illinois campus' Illini Union Bookstore and Amazon have teamed up to provide the state of Illinois' first Amazon merchandise pickup site. Customers can have their purchases delivered to the store rather than having them transported to their homes thanks to the staffed location.
Learn more about the partnership between amazon and Illini union bookstore: brainly.com/question/17182214
#SPJ4
Answer:
The correct answer is letter "B": False.
Explanation:
The Pure Expectations Theory uses long-term interest rates to predict future interest rates in the short run. Investors consider different investments to predict future interest rates. In the example, the statement indicates the opposite. It is taking a short-term interest rate (one-year bond), to calculate the return of a long-term investment (five-year bond).