A company purchased a tract of land for its natural resources at a cost of $1, 500,000 It expects to mine 2,000,000 tons of ore from this land The salvage value of the land is expected to be $250,000. The depletion expense per ton of ore is a) $0.75 b) $0, 625 c) $0, 875 d) $6.00 e) $8 00 A company purchased a cash register on January 1 for $5, 400 This register has a useful life of 10 years and a salvage value of $400 What would be the depreciation expense for the second year of its useful life using the double-declining method? a) $ 500 b) $ 800 c) $ 864 d) $1,000 e) $1, 080 Cash received in advance of providing a service or product should initially be recognized with a: a) Debit to revenue. b) Debit to unearned revenue c) Debit to revenue payable, d) Credit to unearned revenue. e) Credit to revenue