A coal mine expected to contain 6.5 million tons of coal was purchased at a cost of
Question:
(a) Cost depletion
(b) Percentage depletion
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
aCost depletion Cost per ton 300000006500000 46154 per ton Depletion c...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
In 2006, Sunbeam Corporation acquired a silver mine in eastern Alaska. Because the mine is located deep in the Alaskan frontier, Sunbeam was able to acquire the mine for the low price of $50,000. In...
-
A highway construction company operates a quarry. During the last 5 years, the amount extracted each year was 60,000, 50,000, 58,000 60,000, and 65,000 tons. The mine is estimated to contain a total...
-
Salter Mining Company purchased the Northern Tier Mine for $21 million cash. The mine was estimated to contain 2.5 million tons of ore and to have a residual value of $1 million. During the first...
-
You are asked to verify Kepler's Laws of Planetary Motion. For these exercises, assume that each planet moves in an orbit given by the vector- valued function r. Let r = ||r||, let G represent the...
-
Rocky Mountain Corporation makes two types of hiking bootsXactive and the Pathbreaker. Data concerning these two product lines appear below: The company has a traditional costing system in which...
-
The owner of a start-up information services company requires all employees to take at least one week of vacation per year. Why does the employer require this forced vacation policy?
-
A company pays a cash dividend that had been declared fifteen days earlier.
-
On December 1, 2015, the Basma Wholesale Company is attempting to project cash receipts and disbursements through January 31, 2016. On January 31, 2016, a note will be payable in the amount of...
-
Choctaw Co. completed the following transactions in Year 1, the first year of operation: 1. Issued 20,000 shares of $10 par common stock for $10 per share. 2. Issued 3,000 shares of $20 stated value...
-
Case 1: 1-Winston Tremblay, engineer and expert programmer, is very concerned about his next personal income tax return for the 2023 tax year. He is providing you with the following information so...
-
The Oklahoma Oil Company incurred acquisition, exploration, and development costs during 2010 as given in Table P9.33. Table P9.33 * Units are in millions dollars, except recoverable oil. The market...
-
The Perkins Construction Company bought a building for $800,000 to be used as a warehouse. A number of major structural repairs completed at the beginning of the current year at a cost of $125,000...
-
What is a record type?
-
F ( t ) = t 4 + 1 8 t 2 + 8 1 2 , g ( t ) = ( t + 3 ) / 3 ; find ( f o g ) ( 9 )
-
How did they calculate allocated cost FLIGHT A FLIGHT 350 615 FLIGHT 3 1 Go GALS 20 G EXISTING SCHEME, DETERMINE THE OVE OR FLIGHTS A, B, AND C. 2 ED AT 7.00 PER K1.00 OF PILOT SALAF TOTAL NON-SALARY...
-
High Tech ManufacturingInc., incurred total indirect manufacturing labor costs of $540,000. The company is labor-intensive. Total labor hours during the period were 5,000. Using qualitativeanalysis,...
-
Start with AS/AD and IS/MP in full employment equilibrium. Assume the is a massive positive aggregate demand shock. How would this affect AS/AD and IS/MP and prices and output relative to the full...
-
Watch Tre'Shawn's story (The QR code is in your text) https://www.youtube.com/watch?v=smIZLtDSPhU Using Chart 3.2 in your textbook describe what typical development for a 14-year-old boy would be...
-
Can you explain why large watersheds are described as nested hierarchies? Does the discharge produced by a watershed always increase with drainage area and distance downstream? Why?
-
The rate at which the temperature of an object changes is proportional to the difference between its own temperature and the temperature of the surrounding medium. Express this rate as a function of...
-
Chen Company reports the following information for the year ended December 31, 2012: sales revenue $1,000,000, cost of goods sold $700,000, operating expenses $200,000, and an unrealized gain on...
-
Assume the same information for Chen Company as in IFRS13-1. Prepare the income statement using the two-statement approach.
-
Assume the same information for Chen Company as in IFRS13-1. Prepare the income statement using the two-statement approach.
-
Accounting changes fall into one of three categories. Identify and explain these categories and give an example of each one.
-
Machinery is purchased on May 15, 2015 for $120,000 with a $10,000 salvage value and a five year life. The half year convention is followed. What method of depreciation will give the highest amount...
-
Flint Corporation was organized on January 1, 2020. It is authorized to issue 14,000 shares of 8%, $100 par value preferred stock, and 514,000 shares of no-par common stock with a stated value of $2...
Study smarter with the SolutionInn App