Answer:
land
labour
capital
entrepreneur
Explanation:
land
examples include waterbodies and land forms like plateau and ridges
capital
include monetary wealth i.e money and machinery
entrepreneur
includes sole proprietorship and partnership
labour
include skilled and unskilled labour
Answer:
$275,000
Explanation:
The computation of the value that should the land be recorded is shown below:
= Value at which rits accepted the counteroffer of the seller
= $275,000
Hence, the alue that should the land be recorded is $275,000
Basically it records the cost value as per the cost concept
The same should be considered
Answer:
b) a debit to Depletion Expense for $175,000
Explanation:
The computation of the depletion expense is shown below:
Depletion expense = (Purchase of mining rights × current year mined tons of ore) ÷ (expected harvested tons of ore)
= ($500,000 × 350,000 tons) ÷ (1,000,000 tons)
= $175,000
So the journal entry would be
Depletion Expense A/c Dr $175,000
To Accumulated Depletion A/c $175,000
(Being the depletion expense is recorded)
Answer:
Marketing Intermediaries
Explanation:
Marketing Intermediaries work as a thoroughput between operations that produce goods and operations who use those goods.
