BRD Company pays $17 million for land for extraction of gold. Other exploration is $7 million and development cost is $6 million that makes a total cost is $30 million. At the end of the project, it is estimated that the residual value will be $2 million and so the total depletable cost is $28 million. Geologists estimate that the gold field will produce 15 million kilogram of gold over the projects life. 1. Calculate the unit depletion rate. 2. Assuming that 6 Million kilograms of gold were produced in the current year. Make General Journal Entries. 3. Make General Journal entries for purchasing of land and to record exploration and development charges. Q2 Fisher Company has annual gross sales of $10M in the year 2015, with sales returns and allowances of $10,000. Its net fixed assets beginning balance was $1M, while the year-end balance amounts to $1.1M. Calculate the Fixed Asset Turnover.