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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: $1,900

Explanation:

Theft loss deduction is calculated by adjusting the fair market value of the asset for a theft loss floor limitation of $100 and 10% of the person's AGI.

Theft loss deduction is:

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3 0
3 years ago
Braintree Inc., a manufacturer of smartphones, has entered into a 15-year partnership with a software company to develop sophist
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strategic alliance

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3 years ago
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In dual agency, which duty would be the easiest to carry out for both clients?
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5 0
4 years ago
What is total amount spent on wages and salary before any tax is being taken? [those ernings above £40000 are paying 40% income
vodka [1.7K]

Answer: hello your question is open ended hence I will give you a more general answer

answer : $12,000 * number of workers  or $24,000 * number of workers

Explanation:

Income taxes are taxes been levied directly on the  income earned by the tax payer.

According to Tax rules there is a certain amount of income an individual would have to earned before any tax will be taken, incomes below $12,000  are tax free ( for singles ) and $24,000 for married individuals ; Hence the Total amount spent on wages and salary before tax is being taken = $12,000 * number of workers or $24,000 * number of workers . ( unless otherwise stated )

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race acquired an activity four years ago. The loss from the activity is $50,000 in the current year (at-risk basis of $40,000 as
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Answer: 12

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42

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3 years ago
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