Given:
April 2, 2017 - paid $3,721,000 for 1,525,000 tons of ore deposit
installed machine costing $213,500. 7 year life. No salvage value. will be abandoned when ore deposit is completely mined.
May 1, 2017 - mining begins. 166,200 tons of ore mined and sold.
At the end of the year, depletion of the ore deposit and depreciation of the machinery must be recorded.
3,721,000 / 1,525,000 = 2.44 depletion rate per ton
2.44 * 166,200 = 405,528
entry on Dec. 31: Debit Credit
Depletion expense - Mineral deposit 405,528
Accumulated depletion - Mineral deposit 405,528
Depreciation of machine is not computed based on straight line method. It is computed based on the ratio of the ore deposit mined and sold to the total ore deposits.
(166,200 / 1,525,000) * 213,500 = 23,268
entry on Dec. 31 Debit Credit
Depreciation expense - Machinery 23,268
Accumulated depreciation - Machinery 23,268
The appropriate response is Daily Compounding. Progressive accrual is the expansion important to the key total of an advance or store, or as it were, enthusiasm on intrigue. It is the aftereffect of reinvesting premium, instead of paying it out, so that enthusiasm for the following time frame is then earned on the chief total in addition to the already gathered premium.
To prepare for a career in business communication, you need to become competent in these areas:
- New media literacy
- Teamwork and collaboration
- Social intelligence
<h3>What is the
business communication career?</h3>
Business communication can be described as one of the careers that involves the sending as well as receiving of effective communications between parties.
It should be noted that this career can be seen as one that is very important within a corporation as well as organization, or business because every organization needs the communication medium where they can exchange information whether within the organization or with the outside organization.
In conclusion, anyone that want to choose a career in the business communication needs to be a computer-literate because there are some tools that will be needed in working in the organization, therefore, one need to know how to use the computer effectively.
Learn more about career at:
brainly.com/question/6947486
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missing options:
New media literacy
Teamwork and collaboration
engagement
Social intelligence
33,333 dollars because in order to invest a third you must pay a 3rd.
Answer:
B. The firm will not sell any output.
Explanation:
A perfectly competitive industry happens when there are many sellers, the products are the same between sellers and it is easy to enter and leave the market. In this type of industry a company has to take the equilibrium price because the are several firms competing and if it tries to charge even a small amount higher than that, people will not buy anything as they will go with the competition.