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Naily [24]
3 years ago
6

Aspen Ore purchased a vein of coal ore for $5,300,000. It is estimated that 32,000,000 tons of ore are available to be extracted

. The estimated depletion expense for this year’s extraction of 2,790,000 tons of ore is: (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)
Business
1 answer:
emmasim [6.3K]3 years ago
5 0

Answer:

$462,094

Explanation:

Depletion expense is a charge against profits for the use of natural resources. It is calculated by multiply the number of consumed units of the natural resources by the cost per unit.

Cost per unit = Total cost / total number of units expected to be extracted = $5,300,000 / 32,000,000 = 0.165625

Depletion expense = Cost per unit x  extracted units =  0.165625 x 2,790,000 = $462,094

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larisa86 [58]

Answer:

The correct answer is letter "D": Improperly packed by the party shipping them.

Explanation:

Carriers are liable for the loss of goods being transported by them under three scenarios: acts of God (<em>because they are unpredictable</em>), acts of the shipper (<em>negligence of the person providing with the goods being transported</em>), and acts of a public enemy (<em>a country engaging into the war</em>).

In that case, <em>the carrier is likely not to be found liable if the shipping items were incorrectly packaged the sending party</em>.

8 0
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Nitella [24]

To be useful for decision making, information should possess the fundamental qualities of relevance and  <u>Faithful representation</u>.

<h3>What is  faithful representation?</h3>

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It is paramount that a company a financial statement is accurate  to what they present in the financial statement  and  should not be compromise.

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7 0
1 year ago
Vincent is tasked with deriving the value for a large, custom home that was constructed nine months ago on a secluded 10-acre lo
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The best method Vincent should use for valuation is the cost approach.

The cost approach is a method of worth estimation that considers the cost of building an already existing structure: checking the value of the land used for building, the cost of construction and subtracting the devaluation overtime.

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2 years ago
Which of the following is a common sense safety procedure that can help prevent electrical accidents
evablogger [386]
Putting the wrong wires together and not knowing what goes to what
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3 years ago
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A company's competitive strength scores pinpoint its strengths and weaknesses against rivals and Select one: a. point directly t
Montano1993 [528]

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e. point directly to the kinds of offensive/defensive actions it can use to exploit its competitive strengths and reduce its competitive liabilities.

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A competitive strength assessment is defined as a weighted comparism of a business's strengths and weaknesses compared to the competition. The knowledge gained can be used to improve on weak areas.

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