Early in the $14,000,000. have a residual value of $4,000,000 after mining operations are completed During the year, 250,000 tons of ore were removed from the mine. At year-end the book value of the mine (cost minus accumulated depletion) is current year, Tang Co. purchased the Slverado Mine at a cost of The mine was estimated to contain 500,000 tons of ore and to A) $14,000,000. B) $9,000,000. C) $9,500,000. D) Less than $9,000,000. 16. Interest payable on a loan becomes a liability A) When the note payable is issued. B) As it accrues. C) At the maturity date. D) When the borrowed money is received 17. An employer's total payroll-related costs always exceed the wages and salaries earned by employees by A) Amounts withheld from employees' pay. B) Payroll taxes and mandated programs such as workers' compensation insurance C) 50%. D) None of the above. Employers' payroll-related costs actually are less than the gross wages and salaries earned by employees, because of amounts withheld from employees' checks A) Have a greater maturity value than a bond issued at a discount B) Have a lesser maturity value than a bond issued at a discount. C) Have the same maturity value as a bond issued at a discount. D) Have a different maturity value than a bond issued at a discount 18. Bonds, with the same face value, issued at a premium will: depending upon the interest rate and maturity date. 19. If a bond is issued at par and between interest dates: A) The cash received by the corporation will be less than the face value of B) The cash received by the corporation will be greater than the face value C) The cash received by the corporation will be the same as the face D) Interest receivable will be debited. the bond. of the bond value of the bond