Answer:
$562,500
Explanation:
Depletion expenses = Land expenses
Depletion expenses = [$2,300,000 - $50,000 / 4]
Depletion expenses = $2,250,000 / 4
Depletion expenses = $562500
So, the depletion expense recorded for 2018 is $562,500
Answer:
Deductible interest expense of $1440 and deductible education expense of $4000.
Explanation:
There are certain tax laws which allows a tax payer to deduct his expenses from the taxable amount. The tax payer can deduct interest expense from the taxable amount since it is a tax shield. Lionel can deduct an interest expense of $1440 from the taxable amount and he can deduct $4000 for his education from the taxable amount.
Answer:
Explanation:
weight average = fraction of A X MW of A + fraction of B x MW of B
Mixture 1
1 / 3 x 100000 + 2/3 x 400000 = 900000 / 3 = 300000
Mixture 2
2/3 x 100000 + 1/3 x 400000 = 600000 / 3 = 200000
Number average
Mixture 1
(1 / 100000 x 100000 + 2 / 400000 x 400000) / (1/100000 + 2/400000 )
= 3 x 400000 / 6
= 200000
Mixture 2
(2/100000 x 100000 + 1/400000 x 400000 )/ (2/100000 + 1 / 400000 )
3 x 400000 / 9
=( 4/3 ) x 100000
Answer:
C. Pay more than the minimum amount every month.
Explanation:
Because credit cards have very high interest rates, and the interest is compounded every day, it is recommended to pay more than the minimum amount every month, so that the total credit card bill is paid out more quickly.
What happens when you pay more than the minimum amount every month is that you are paying not only the interest and principal that is due, but you are also paying additional principal. This additional principal payment is what will reduce the amount that will need to be paid in the future.
Answer:
Investors began selling of their shares.
Explanation:
When investors sell shares in a company because they don't think it will sell for more in the future, the price of the stock falls. Other people will be less likely to buy the stock if they see the value falling, not rising, so the price will continue to drop in a dangerous cycle until something changes.
