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photoshop1234 [79]
3 years ago
8

Perez Company acquires an ore mine at a cost of $2,940,000. It incurs additional costs of $823,200 to access the mine, which is

estimated to hold 2,100,000 tons of ore. 235,000 tons of ore are mined and sold the first year. The estimated value of the land after the ore is removed is $420,000. Calculate the depletion expense from the information given. 1.
Business
1 answer:
cluponka [151]3 years ago
7 0

Answer:

$1,500,000

Explanation:

Step 1 : Determine depletion rate

Depletion rate = $3.57

Step 2 : Depletion expense

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Answer:

Option A. A owns less than 20 percent of the stock of Corporation B.

Explanation:

The reason is that the dividend is recognized as gross income for tax purposes which means the tax difference is zero, in the financial statement. When equity method is used where the shareholding is above 20%, there is a tax difference and when the shareholding is above 50%, the financial statements are consolidated. In this case, there is neither a tax difference and nor the financial statements are consolidated which mean the shareholding is below 20%.

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The difference between nominal GDP and real GDP is that:
Elenna [48]

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a. real GDP adjusts the value of goods for changes in the price level and nominal GDP does not.

Explanation:

The nominal GDP is calculated by using current prices without adjusting the inflation factor int the prices of goods that are accounted for in the total GDP value. On the other hand the real GDP is calculated by adjusting inflation int he pricesof the goods which included in total GDP value. So the correct option is a. real GDP adjusts the value of goods for changes in the price level and nominal GDP does not.

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3 years ago
Although the federal reserve had traditionally made discount loans only to commercial banks, in response to the financial crisis
irina1246 [14]

Although the federal reserve had traditionally made discount loans only to commercial banks, in response to the financial crisis in 2008 the fed made primary dealers eligible for discount loans as well.

The U.S. central banking system—the Fed, or the Federal reserve—is the foremost powerful economic establishment within the us, maybe the planet. Its core responsibilities embody setting interest rates, managing the cash offer, and control financial markets.

The Global Financial Crisis of 2008-2009 is widely stated as “The great Recession.” It began with the housing market bubble, created by an overwhelming load of mortgage-backed securities that bundled high-risk loans.

To learn more about Federal reserve here

brainly.com/question/23247429

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5 0
2 years ago
A Third World country can be described as a(n) __________ country.
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Answer: undeveloped country

Explanation:

6 0
3 years ago
If a bank has $100,000 of checkable deposits, a required reserve ratio of 20 percent, and it holds $40,000 in reserves, then the
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Answer:

Do it youselfe. You probley know that answer , Knowone should give you answers, People can help but they should nerver give you answers, God has giving you a brain to use so please use it?

Explanation:

6 0
3 years ago
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