Business
Business, 25.03.2020 17:37, weeblordd

In 2019, Eldenburg Mining Company purchased land for $7,200,000 that had a natural resource reserve estimated to be 500,000 tons. Development and road construction costs on the land were $420,000, and a building was constructed at a cost of $50,000. When the natural resources are completely extracted, the land has an estimated residual value of $1,200,000. In addition, the cost to restore the property to comply with environmental regulations is estimated to be $800,000. Production in 2019 and 2020 was 60,000 tons and 85,000 tons, respectively. a. Compute the depletion charge for 2019 and 2020. (You should include depreciation on the building, if any, as part of the depletion charge.) (Do not round the depletion rate.)

answer
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 11:10, allieallie
Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.
Answers: 1
image
Business, 22.06.2019 12:00, ajayrose
Describe the three different ways the argument section of a cover letter can be formatted
Answers: 1
image
Business, 22.06.2019 17:30, tysisson9612
You should do all of the following before a job interview except
Answers: 2
image
Business, 22.06.2019 19:30, kraigstlistt
Each row in a database is a set of unique information called a(n) table. record. object. field.
Answers: 3
Do you know the correct answer?
In 2019, Eldenburg Mining Company purchased land for $7,200,000 that had a natural resource reserve...

Questions in other subjects:

Konu
Mathematics, 07.12.2020 01:10
Konu
Mathematics, 07.12.2020 01:20
Konu
Mathematics, 07.12.2020 01:20