Answer the following intermediate accounting I 1-5 questions: Thank you!.

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In January Minesil Co. purchased a mineral mine with removable ore estimated at 1 milion ons or 10000 The com any spent 00.00 developing the mine and will spend $100,000 for reclamation when the mining has been completed. MineSil Co believes it will be able to sell the property at the end of the exploration for $100,000. During the year, MineSil Co. removed and sold 70,000 tons of ore. Depletion rate per ton is A. 2.1 B. 2.4 G. 2.5 D. 2.6 In January, MineSil Co. purchased a mineral mine with removable ore estimated at 1 million tons for $2,100,000, The company spent $300,000 developing the mine and will spend $100,000 for reclamation when the mining has been completed. MineSil Co believes it will be able to sell the property at the end of the exploration for $100,000 During the year, MineSil Co. removed 70,000 tons of ore. During the year the company would: OA. DR Inventory 168,000 B. DR Depletion expense 168,000 C. DR Depreciation expense 168,000 D. DR Mine 168,000 BobCat Co.takes $30,000 per year straight-line depreciation on its building. At December 31, 2017, the building cost was $210,000 and $95,000 of depreciation had been taken. On June 1, 2018, a fire destroyed the building. The insurance company paid BobCat Co. $96,000 to cover the involuntary conversion. BobCat. should recognize a OA. Gain 6,500 B. Gain 19,000 C. Loss 6,500 D. Loss 19,000 On June 1,2016, JJ Co. bought five desks costing $500 each and depreciates them using the group method. The life of each desk was estimated at 7 years, with a $10 salvage value. On Dec. 31, 2018, JJ sold one desk for $300. Accumulated Depreciation should be debited for what amount to record the desk's disposal? A. $180.83 B. $200 . $210 D. $220.83 An asset group of Wilson Co. is being evaluated for an impairment loss. The following financial information is available for the asset group: Carrying value $1,000,000 Sum of the undiscounted cash flows 850,000 Fair value 800,000 The company correctly recorded impairment loss. What amount of impairment loss is presented in the income statement (other losses in continuing operations)? A. 150,000 B. 200,000 C. 800,000 D. 250,000