20.

Company B acquired the rights to use a mine for gold for $500,000. They expect the mine to provide 50,000 ounces of gold. In the first year, they extracted 15,000 ounces of gold. What is the amount of depletion?

Group of answer choices

$1,500

$1,666,667

$15,000

$150,000

21.

Testing for impairment for indefinite life intangibles requires the:

Group of answer choices

Neither

Recoverability test

Fair value test

Both