Rervnimited is a producer of apples with apple orchards in a number of different locations in southern Ontario and British Columns The company had the ingrasados now orche Click the icon to view the transactions and dation Infomation Required Record the journal enties for Year 1, 2 and 11 relating to the bowe information assoming Rennie ses the cost method for the app to becul they are beste prin nber of different locations in southern Ontario and British Columbia The company had i More Info -X Beginning of Year 1: Purchased and planted 60,000 young apple trees that will mature (i.e., begin bearing fruit) in 10 years, at a cost of $3,600,000. Years 1 to 10: Spent $30,000 on water, $80,000 on fertilizer, and $180,000 on labour cultivating the orchard each year for 10 years. Years 11 and on: At maturity, each apple tree produces about 120 kilograms of apples on average. Apple trees are productive for about 40 years. Harvested apples can be sold immediately or put into cold storage for up to six months without significant deterioration in quality. In addition to water, fertilizer, and labour costs as previously incurred, harvesting also requires an additional cost of $700,000 per year. Other information about the orchard: The market price for apples is about $0.90/kg at the farm gate (wholesale and retail prices are considerably higher). Once apple trees have been planted, they are not movable without significant damage to their root system, so there is no market price for planted apple trees. Print Done then come to me Text question Rervnimited is a producer of apples with apple orchards in a number of different locations in southern Ontario and British Columns The company had the ingrasados now orche Click the icon to view the transactions and dation Infomation Required Record the journal enties for Year 1, 2 and 11 relating to the bowe information assoming Rennie ses the cost method for the app to becul they are beste prin nber of different locations in southern Ontario and British Columbia The company had i More Info -X Beginning of Year 1: Purchased and planted 60,000 young apple trees that will mature (i.e., begin bearing fruit) in 10 years, at a cost of $3,600,000. Years 1 to 10: Spent $30,000 on water, $80,000 on fertilizer, and $180,000 on labour cultivating the orchard each year for 10 years. Years 11 and on: At maturity, each apple tree produces about 120 kilograms of apples on average. Apple trees are productive for about 40 years. Harvested apples can be sold immediately or put into cold storage for up to six months without significant deterioration in quality. In addition to water, fertilizer, and labour costs as previously incurred, harvesting also requires an additional cost of $700,000 per year. Other information about the orchard: The market price for apples is about $0.90/kg at the farm gate (wholesale and retail prices are considerably higher). Once apple trees have been planted, they are not movable without significant damage to their root system, so there is no market price for planted apple trees. Print Done then come to me Text
