Answer and Explanation:
The computation and the journal entries are shown below:
a. The depletion rate is
= $203,200,000 ÷ $12,700,000 tons
= $16 per ton
b. The amount of depletion expense for the current year is
= $16 × $2,980,000
= $47,680,000
c. The journal entry is shown below:
Depletion Expense $47,680,000
To Accumulated Depletion $47,680,000
(Being the depletion expense is recorded)
For recording this we debited the depletion expense as expenses is increased and credited the accumulated depreciation as it reduced the assets
Answer:
LIEN THEORY
Explanation:
Based on the scenario being described it can be said that this state is a lien theory state, in which the court is enlisted to order and oversee the foreclosure procedure. In such a state, the buyer/borrower holds the deed to the real estate property until the mortgage expires and promises to make the mortgage payments that were previously agreed upon in the financial agreement.
Genetic components for eating disorders account for 40 to 60 percent of the risk for anorexia.
Anorexia means a loss or lack appetite for food or total aversion to food, it is a psychological and life-threatening disorder that goes well beyond out-of-control dieting.
Answer:
I should verify scope that involves formalizing acceptance of the project deliverables.
Explanation:
5- In this stage of project scope management, key project stakeholders (customer and sponsor for the project) inspect in order to formally accept the deliverables during this process. If happen that deliverables are not acceptable, then the customer/sponsor can requests changes. So, as a consequence, the main outputs of this process are:
- accepted deliverables
- change requests
- work performance information
- updates to project documents.
6- Controlling scope: This is about controlling changes to project scope throughout the life of the project. Scope changes regularly influence the team's ability to meet project time and cost goals, that's why the project managers must carefully weigh costs and benefits of scope changes.The main results of this process are:
- Work performance information
- Change requests
- Updates to the project -management plan
- Project documents
- Organizational process assets.