![Skybil1204](/avatars/7154.jpg)
Skybil1204
24.06.2020 •
Business
At the beginning of 2021, Terra Lumber Company purchased a timber tract from Boise Cantor for $4,300,000. After the timber is cleared, the land will have a residual value of $660,000. Roads to enable logging operations were constructed and completed on March 30, 2021. The cost of the roads, which have no residual value and no alternative use after the tract is cleared, was $364,00. During 2021, Terra logged 640,000 of the estimated 6.4 million board feet of timber.
Required:
Calculate the 2021 depletion of the timber tract and depreciation of the logging roads assuming the units-of-production method is used for both assets. (Do not round intermediate calculations.)
1. Depletion of the timber tract
2. Depreciation of the logging roads
Solved
Show answers
More tips
- A Auto and Moto How to choose the right drive for your BMW...
- L Leisure and Entertainment How to Choose the Perfect Gift for Men on February 23rd?...
- H Health and Medicine How to Treat Whooping Cough in Children?...
- H Health and Medicine Simple Ways to Lower Cholesterol in the Blood: Tips and Tricks...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
- L Leisure and Entertainment History of International Women s Day: When Did the Celebration of March 8th Begin?...
- S Style and Beauty Intimate Haircut: The Reasons, Popularity, and Risks...
- A Art and Culture When Will Eurovision 2011 Take Place?...
- S Style and Beauty How to Choose the Perfect Hair Straightener?...
- F Family and Home Why Having Pets at Home is Good for Your Health...
Answers on questions: Business
- B Business Explain the basic way that ownership of a corporation differs from ownership of a sole proprietorship or a partnership. Then, give two pros and two cons of corporations...
- B Biology Scientists think that four-legged mammals might be the distant ancestors of modern-day whales. what evidence seems to support this idea? a. a series of closely related fossils...
- M Mathematics Do the ratios 4ft./6ft. and 12sec/18sec form a proportion? why or why not?...
- H History Why do societies establish governments?...
- M Mathematics There are questions on the act math test, а. 75 в. 100 с. 80 d. 60...
- M Mathematics To avoid a service fee, your checking account balance must be at least $500 at the end of each month. your current balance is $529.57. you use your debit card to spend $126.08....
Ответ:
I think it's A.
Explanation: