Barton corporation acquires a coal mine at a cost of $1,500,000. intangible development costs total $360,000. after extraction has occurred, barton must restore the property (estimated fair value of the obligation is $180,000), after which it can be sold for $510,000. barton estimates that 5,000 tons of coal can be extracted. if 900 tons are extracted the first year, which of the following would be included in the journal entry to record depletion? a. debit to accumulated depletion for $275,400 b. debit to inventory for $275,400 c. credit to inventory for $270,000 d. credit to accumulated depletion for $459,000

What impact did the economic opportunities in pennsylvania and new york have on virginia? a. virginia planters started to migrate to new york. b. new yorkers began buying up cheap virginia real estate. c. virginians found themselves resorting increasingly to slavery. d. virginians loosened their slave laws to attract more migrants.

Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.

Afirm’s production function is represented by q(m, r) = 4m 3/4r1/3, where q denotes output, m raw materials, and r robots. the firm is currently using 6 units of raw materials and 12 robots. according to the mrts, in order to maintain its output level the firm would need to give up 2 robots if it adds 9 units of raw materials. (a) true (b) false