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
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

You might be interested in
he initials GAAP stand for a. Generally Accepted Accounting Principles b. Generally Accepted Accounting Practices c. General Acc
Bess [88]

Answer:

Correct option is (a)

Explanation:

GAAP is the abbreviation for Generally Accepted Accounting Principles. These are guiding principles that help in recording accounting transactions. These are developed over the course of time and includes comprehensive guidelines used by accountants over the years in preparing financial statements.

GAAP ensures reliability and comparability of financial statements.

5 0
3 years ago
Data on consumer spending per capita or industrial purchasing trends would be identified in the ________ section of a global mar
larisa [96]

Answer:

The right approach will be "Economic".

Explanation:

  • Both of the economic conditions that shape the market as well as customer behavior are the emphasis or objective including its economic climate.
  • These variables could be used to forecast the path during which the economy will change the potential for customer demand and the much-needed market pattern or study.
8 0
3 years ago
Bill was 150 pounds overweight but his insurance premiums significantly dropped after he lost weight by going to a local health
Serggg [28]

The kind of measures that Bill took which made his insurance premiums to drop is a preventative measure.

<h3>What is a preventative measure?</h3>

In insurance, a preventative measure can be defined as a kind of measure that typically involves reducing the degree of risk associated with an insurance object, and mitigating (decreasing) the negative impact of potential insurance-related accidents on the insured.

In this context, we can infer and logically deduce that the kind of measures that Bill took which made his insurance premiums to drop is a preventative measure.

Read more on insurance here: brainly.com/question/16789837

#SPJ1

7 0
2 years ago
"if both supply and demand decrease" simultaneously, the new equilibrium price is ___________ and the new equilibrium quantity i
lisabon 2012 [21]
The new equilibrium price is higher and the new equilibrium quantity is higher
4 0
3 years ago
A 30-year zero coupon bond with a face value of $5,000 is currently selling for $1,156.88 and has a market rate of interest of 5
daser333 [38]

Answer:

Price will increase by $277.58

Explanation:

Market rate of Interest of a zero coupon bond can be determined by following formula

Market Rate of Interest = [ ( F / P )^(1/30) ] - 1

4.25% = [ ( $5000 / P )^(1/30) ] - 1

0.0425 + 1 = ( $5000 / P )^1/30

( 1.0425 )^30 = (( $5000 / P )^1/30)^30

3.4856 = $5000 / P

P = $5,000 / 3.4856

P = $1,434.46

Now Calculate the change in Price

Change in price = $1,434.46 - $1,156.88 = $277.58

Price will increase by $277.58

5 0
3 years ago
Other questions:
  • Cameron really likes his new roommate, tom. tom is clean, always picks up after himself, and pitches in when it is time to cook
    12·1 answer
  • Identify which of the following statements is true. A) Tax planning is an integral part of both closed-fact situations and open-
    7·1 answer
  • The management of Wengel Corporation is considering dropping product B90D. Data from the company's accounting system appear belo
    13·1 answer
  • Assume France and Mali can both produce grain and dates, and that the only limited resource is the farming labor force, meaning
    10·1 answer
  • What is one way a company can work to build relationships with it's customers?
    11·1 answer
  • What does it mean for a savings account to have a minimum balance? a. If you do not keep at least that much money in the account
    6·2 answers
  • Currently baldwin is paying a dividend of $15.64 (per share). If this dividend were raised by $3.64, given its current stock pri
    15·1 answer
  • Lowering the costs is one of the objectives of the production and logistics function of an international firm. true or false
    11·1 answer
  • An individual has $20,000 invested in a stock with a beta of 0.4 and another $65,000 invested in a stock with a beta of 1.8. If
    9·1 answer
  • A company has an opportunity to make a bulk sale that would not impact regular sales or total fixed expenses. The variable cost
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!