1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
GuDViN [60]
2 years ago
14

Donny owns and leases a coal mine to brian. the lease agreement states that brian will pay donny $4 per ton royalty on coal mine

d. what is brian's percentage depletion deduction for the current year from the information given below? gross income from coal $250,000 income from trucking coal 20,000 royalty paid donny 30,000 taxable income on coal (excluding depletion) 40,000 coal depletion rate 10%
Business
1 answer:
Gnoma [55]2 years ago
5 0

Answer: $25,000

Explanation:

Given Data:

Gross income from coal = $250,000

Income from trucking coal = $20,000

Royalty paid to Donny = $30,000

Taxable income on call excluding depletion = $40,000

Coal depletion rate = 10%

Lease agreement = $4/ton

Therefore:

brian's percentage depletion deduction for the current year is

= gross income x coal depletion rate

= $250,000 x 0.1

=$25,000

You might be interested in
The balance sheet of a corporation reports ______. only the debts of the business and its owners only the results of the busines
grandymaker [24]

Answer:

only the results of the business' activities

Explanation:

 balance sheet is among the three main financial statements prepared by a corporation. It reports the financial positions of the business by showing the value of assets, liabilities, and the shareholder's equity at any point in time. Therefore, a balance sheet shows the net worth of the corporation.

The preparation of the balance sheet follows the accounting equation of assets equals liabilities plus shareholder equity. On one side, the balance sheet reports the assets and liabilities and equity on the other.  In other words, the balance sheets indicate how the assets of a business are financed. It does not report on the personal activities of business owners.

6 0
3 years ago
Ecstasy Pharmaceuticals faces fixed costs of $1 million with manufacturing its new drug. The company sells the drug in bottles o
Korvikt [17]

Answer:

The cost of producing one bottle is $10 .

Explanation:

The fixed costs of making the drug = $1 million

The selling price of the 50 pills bottles = $10

Total number of bottles sold at breakeven =200000

Total revenue from the sale of bottle = $10 × 200000

Total revenue from the sale of bottle = $2000000

Since at breakeven point the total revenue is equal to total cost. So, total cost of producing the 200000 bottles is $2000000.

Thus, the cost of producing one bottle = $2000000 / 200000 = $10

5 0
3 years ago
When bonds are sold at a premium and the effective interest method is used, at each interest payment date, the interest expense:
Alex73 [517]

Answer:

decreases

Explanation:

When bonds are sold at a premium, it is sold at a price higher than the par value. For example, if the par value is $100, the bond would be selling at a premium if it is sold at $101. At expiration of the bond's tenor, the price of the bond must equal its par value, so at each each interest payment day, the interest expense decreases

3 0
3 years ago
McDonald's "Plan to Win" strategy has added healthy food options to its menu, phased out traditional artery-clogging trans fats,
Anarel [89]
The correct answer will be A
7 0
2 years ago
Describe the differences among ethnocentric, polycentric, regiocentric, and geocentric management orientations.
Alekssandra [29.7K]

Describing the differences among ethnocentric, polycentric, regiocentric, and geocentric management orientations. We can explain them as follows.

In an ethnocentric management orientation, domestic enterprises or organizations think that their domestic activities or practices within the domestic area influence the domestic market. In this situation, the management teams are frequently transferred from their hometown or place of origin to a new site or a foreign nation.

The approach known as polycentric management orientation is one in which companies and organizations think there is always a distinctive strategy in every global market. This entails hiring and advancing suitable people from the same nation or region that the company works in. It primarily aims to lower hiring costs.

On the other side, the huge multinational firms that tend to construct groups of nations or regions where their branches are located and then develop policies and strategies that would only be relevant in those nations or regions are known as "regiocentric management orientation."

Contrary to the polycentric method, firms and organizations using geocentric management operations hire personnel from all over the world. KFC frequently adopts this stance.

Hence, differences among them have been explained above.

Learn more about Management:

brainly.com/question/1276995

#SPJ4

5 0
1 year ago
Other questions:
  • zyDE 8.14.1: Iterating over a dictionary example: Gradebook statistics. Write a program that uses the keys(), values(), and/or i
    15·1 answer
  • A group of architects and engineers has been organized to plan the construction of a new bridge. the team members are getting to
    9·2 answers
  • An outside supplier has offered to make and sell the part to the company for $24.10 each. If this offer is accepted, the supervi
    10·1 answer
  • What is the last step in the vehicle starting procedure?
    14·1 answer
  • Why is there so much government regulation involving social responsibility issues? Should there be less?
    12·1 answer
  • Under the Electronic Fund Transfer Act, which two banking practices are part of the consumer's responsibility?
    10·2 answers
  • A useful economic model a. deals only with possibilities that actually occurred. b. will avoid conclusions that have public poli
    14·1 answer
  • Lagoon has two food stores Buck's and Combo's. It costs $1 to make one of Buck's bread loaves and $2 to make one of Combo's chee
    11·1 answer
  • You are considering investing $6,789 at an interest rate of 7.345% compounded annually for 15 years or investing $6,789 at an in
    9·1 answer
  • Aircraft Products, a manufacturer of aircraft landing gear, makes 2,100 units each year of a special valve used in assembling on
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!