Business, 25.04.2020 03:16, mamdouh2893
Zvinakis Mining Company paid $200,000 for the rights to mine lead in southeast Missouri. The cost to drill and erect a mine shaft was $2,400,000, and equipment to process the lead ore before shipment to the smelter was $1,800,000. The mine is expected to yield 2,000,000 tons of ore during the five years it is expected to be operating. The equipment has an estimated residual value of $150,000 when mining is concluded. The mine started operations on April 30, 2021. In 2021, 300,000 tons of ore were extracted, and in 2022, 700,000 tons were mined.
Required:
a. Compute the depletion and rate the units-of-production depreciation rate.
b. Compute depletion and depreciation for 2013 and 2014.
Answers: 1
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Licensing is perhaps the easiest method of entering into international trade. another method of entering international trade, which can be relatively low risk, is which opens several levels of involvement to company
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The new york company produces high quality chairs. variable manufacturing overhead is applied at a standard rate of $12 per machine hour. each chair requires a standard quantity of six machine hours. production for the month totaled 4,000 units. calculate: the standard cost per unit for variable overhead. select one: a. $130,000 b. $192,000 c. $90,000 d. $100,000
Answers: 2
Zvinakis Mining Company paid $200,000 for the rights to mine lead in southeast Missouri. The cost to...
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