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nataly862011 [7]
3 years ago
6

On January 15, 2020, Vern purchased the rights to a mineral interest for $3,500,000. At that time, it was estimated that the rec

overable units would be 500,000. During the year, 40,000 units were mined and 25,000 units were sold for $800,000. Vern incurred expenses during 2020 of $500,000. The percentage depletion rate is 22%. Determine Vern's depletion deduction for 202
Business
1 answer:
larisa86 [58]3 years ago
6 0

Answer: $175,000

Explanation:

Vern's depletion deduction for 2020 will be calculated thus:

= (Cost - Salvage value) / (Estimated Number of units × Number of units extracted

= 3500000/500000 × 25000

= 7 × 25000

= $175000

Therefore, Vern's depletion deduction for 2020 is $175000

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Some sellers put specific limitations in the warranty to limit the effectiveness of a warranty. Such a denial or repudiation in
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Disclaimer

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A gift of money or goods from the groom or his kin to the bride's kin is referred to as:
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Bride wealth or bride price
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Jennifer received news that she is getting a 5% raise. However, the Bureau of Labor Statistics just reported that prices are ris
Feliz [49]

Answer:

Jennifer is losing purchasing power by 2%.

Explanation:

An increase in prices indicates a decrease in the purchasing power of the consumers. An increase in income means an increase in the purchasing power of the consumers.  

A 5% raise means that Jennifer's income will increase by 5% and so will her purchasing power. But at the same time, a price rise by 7% means that her purchasing power will decrease by 7%.  

This means that overall her purchasing power will decrease by 2%.

4 0
4 years ago
Match each situation with the term that best describes it. Use each term only once.
Dmitry [639]

Answer:

1. One of your subordinates only seems to respond to threats of punishment. What type of power should you use to motivate him?

h. <u>Persuasive power </u>

2. You manage a difficult subordinate who only cooperates when she feels that you have the formal authority to ask her to do something. What type of power should you use to motivate her?

b. <u>Legitimate power</u>

3. One of your subordinates looks up to you as a role model. What type of power should you use to motivate her?

a. <u>Personal power</u>

Explanation:

In any given situations there are different incidents that would require someone to apply different power in-order to manage the situation. This could be in form of motivation or deterrent method during the application of the power.

For example, in the case of the subordinate looking up to you as a role model, you should apply personal power in-order to motivate the person. the personal power will help you to build personal relationship between the subordinate and you.

7 0
3 years ago
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