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
grigory [225]
3 years ago
9

Mining Corporation bought land for $330,000 (residual value $22,000) that is estimated to yield 660,000 pounds of a removable na

tural resource. The amounts of natural resources extracted in 2020 and 2021 were 77,000 and 99,000 pounds, respectively. Determine depletion for 2020 and for 2021
Business
1 answer:
likoan [24]3 years ago
6 0

Answer:

35933

$46,200

Explanation:

Depletion = amount of pounds extracted x depletion factor

depletion factor  = (cost of asset - salvage value) / estimated yield

(330,000 - 22,000) / 660,00 = 0.467

2021 = 0.467 x 99,000 = $46,200

You might be interested in
As an important control for the occurrence assertion related to sales, the computer starts with the population of daily sales in
7nadin3 [17]

Answer:

A. bill of lading

Explanation:

The bill of lading is the document that supports the sales invoice as the bil of lading contains the details regarding the shipment and the confirmation with respect to the delivery

So as per the given situation since it is mentioned in the question that for shipping documents the sales invoice should be supported by the bill of lading

hence, the same is to be considered

8 0
2 years ago
easynotrcards Under a fixed exchange rate regime, if the domestic currency is initially undervalued, that is, above par, the cen
Alina [70]

Answer:

D) foreign; domestic

Explanation:

The central Bank can improve the domestic currency by using the reserves. If the domestic currency undervalued the central bank may intervene to sell the Foreign currency and purchase the domestic currency, which will increase the demand of domestic currency and increase the supply of foreign currency in the market which will improve the value of domestic currency and undervalue the foreign currency.

7 0
3 years ago
Read 2 more answers
Long Construction Company uses the percentage-of-completion method of accounting for long-term construction contracts. During 20
LUCKY_DIMON [66]

Answer:

$400 million less ($176+$84)=$14 million

Explanation:

the percentage of completion method of accounting is more like of income statement because it is used to assess the companys performance and financial position

8 0
3 years ago
Why should you consider collecting a family of measures when undertaking an improvement?
Serggg [28]

Collecting a family of measures when undertaking an improvement as single measure may not be enough to determine the impact of a change on the system.

An example of a undertaking is washing dishes. An example of a commitment is promising to babysit a friend's child. Especially the business of mortician and funeral management. Promise or Promise; Guarantee.

A written undertaking provided as a guarantee to take certain actions required by court proceedings. In criminal proceedings, bail guarantees the defendant's appearance in court. If the defendant does not appear, the bond will be forfeited.

Learn more about undertaking here:brainly.com/question/25443563

#SPJ4

5 0
2 years ago
Department F had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $13,400. Of
Rufina [12.5K]

Answer:

a.$3.35

Explanation:

The first step in determining  conversion cost per unit is to calculate the Total Equivalent units of production for Conversion Costs.

Conversion Costs

Units Completed and transferred (15,000 × 100%) = 15,000

Units in Ending Work In Process (3,000 × 75%)      =  2,250

Total Equivalent units of production                        =  17,250

The next step is to determine the total conversion cost of production incurred during the period.

Conversion Costs

Conversion Costs in Beginning Work In Process                               $4,800

Conversion Costs added during the period ($33,000 + $20,000) $53,000

Total Conversion Costs                                                                      $57,800

Finally calculate the conversion cost per unit

Conversion cost per unit = Total Conversion Costs  / Total Equivalent units of production

                                         = $57,800 / 17,250

                                         = $3.35 (to the nearest cent)

4 0
3 years ago
Other questions:
  • Which of the following is an example of competing on quick response?A) A firm produces its product with less raw material waste
    11·1 answer
  • Powell Company began the Year 3 accounting period with $40,000 cash, $86,000 inventory, $60,000 common stock, and $66,000 retain
    14·1 answer
  • McCurdy Co.'s Class Q bonds have a 12-year maturity, $1,000 par value, and a 5.75% coupon paid semiannually (2.875% each 6 month
    6·1 answer
  • How can changes in technology or consumer demand make it difficult for people to get jobs?
    8·1 answer
  • The Model Privacy notice was introduced in 2010. Which statement about the notice is true?
    12·1 answer
  • Type the correct answer in the box. Spell the word correctly.
    5·2 answers
  • Q 20.27: Liberty Bicycles currently sells unassembled bikes for $240 each. The variable production costs for each bike are $35 a
    5·1 answer
  • What are two factors used to determine a credit score? Explain how they indicate good or poor credit. Write in complete
    12·1 answer
  • The price elasticity of demand (based on the midpoint formula) when price increases from $10 to $12 is:______
    8·1 answer
  • The sale of a used automobile would not be included in GDP of the current year because it is ________.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!