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On March 25 , Parscale Company purchases the rights to a mineral interest for $9,916,000. At that time, the remaining recoverable units in the mineral
On March 25 , Parscale Company purchases the rights to a mineral interest for $9,916,000. At that time, the remaining recoverable units in the mineral interest are estimated to be 664,800 tons. If required, round any division to two decimal places and use in subsequent computations. Round your final answer to the nearest dollar. If 598,320 tons are mined and 99,720 tons are sold this year, calculate Parscale's cost depletion for the year. $ On October 1, 2022, Vernica purchased a business. Of the purchase price, $70,000 is allocated to a patent and $420,000 to goodwill. If required, round your intermediate values to nearest dollar and use in subsequent computations. Calculate Vernica's 2022197 amortization deduction. Jebali Company reports gross income of $515,800 and other property-related expenses of $335,270 and uses a depletion rate of 15% Calculate Jebali's depletion allowance for the current year
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