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send me only final answer , no need explanation thank you on 1 - red out of On 1 January 2014 A Company bought a
send me only final answer , no need explanation thank you
on 1 - red out of On 1 January 2014 A Company bought a Mine for $2,000,000. Of this amount, $1,000,000 was attributable to the land value. 1 The Company spent $300,000 on development costs. The present value of the restoration obligation to restore the land to its original state is $200,000. The Company estimates that the Mine has 100,000 Units of minerals available for mining. The Depletion Cost Per Unit is: on Select one: O a $15 O b. $10 O c. $30 O d. None of these options O e. $150 On1 January 2015: A Company has a Building which cost $800,000. Accumulated Depreciation to date on the Building is $200,000 Residual value is Zero. The total useful life of the Building is 40 years and there are 30 years of useful life remaining. The Company uses straight line depreciation The accounting year-end is 31 December each year. On 1 January 2015, the Fair Value less Costs to Sell of the Building is $550,000 while the value in use is $500,000 The Impairment Loss to be recorded on January 2015 is: Select one: O a. $100,000 O b. None of these options O c. $300,000 O d. $50,000 O e. Zero On1 January 2015: A Company has a Building which cost $800,000. Accumulated Depreciation to date on the Building is $200,000 Residual value is Zero. The total useful life of the Building is 40 years and there are 30 years of useful life remaining. The Company uses straight line depreciation The accounting year-end is 31 December each year. On 1 January 2015, the Fair Value less Costs to Sell of the Building is $550,000 while the value in use is $500,000 The Impairment Loss to be recorded on January 2015 is: Select one: O a. $100,000 O b. None of these options O c. $300,000 O d. $50,000 O e. ZeroStep by Step Solution
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