Shale Miner Co. acquired mineral rights for $60,000,000. It is estimated that there are 80,000 total tons of the resource, and during the current year 10,750 tons were mined and sold. What information is needed to calculate the rate of depletion?
Solved
Show answers
More tips
- L Legal consultation Juvenile Justice: Who Needs It?...
- F Family and Home How to Choose the Best Diapers for Your Baby?...
- F Family and Home Parquet or laminate, which is better?...
- L Leisure and Entertainment How to Properly Wind Fishing Line onto a Reel?...
- L Leisure and Entertainment How to Make a Paper Boat in Simple Steps...
- T Travel and tourism Maldives Adventures: What is the Best Season to Visit the Luxurious Beaches?...
- H Health and Medicine Kinesiology: What is it and How Does it Work?...
- 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...
Answers on questions: Business
- B Business Use the compound interest formula to determine the accumulated balance after the stated period. $60006000 invested at an APR of 66% for 33 years. If interest is compounded...
- B Business On January 1, 2016 Ballard Company spent $11,000 on an asset to improve its quality. The asset had been purchased on January 1, 2015 for $36,000. The asset had a $6,000...
- B Business In 1929, the global financial system was based on the gold standard and was extremely vulnerable to any financial downturn escalating quickly to catastrophic economic...
- B Business 8. Which part of the online job application was easiest for you to complete? Which section was the most difficult? Give at least one example of work experience, education,...
- B Business Perz, Paul, President $168,000.00...
- B Business A group of individuals from the same business sector who try to persuade politicians to pass favorable economic laws for them are known as...
- B Business Which group of stakeholder’s primary interests include adhering to regulations/laws, increasing employment, and ethical taxation reporting?....
- B Business On April 1, 2020, Headland Company assigns $550,000 of its accounts receivable to the Third National Bank as collateral for a $324,000 loan due July 1, 2020. The assignment...
- B Business The following income statement contains errors.Curbstone CompanyIncome StatementFor the Year Ended August 31, 20161 Sales $8,595,000.00 2 Cost of merchandise sold 6,110,000.003...
- B Business FacilitationBrendon Inc. required a permit to open its business in the country of Cadmia. Although it had met all the requirements for the permit, the officials concerned...
Ответ:
To calculate depletion, the information needed are:
1. The cost of the machine
2. Current tons mined
3. Estimated total tons of the resource
$8,062,500
Explanation:
Depletion cost = tons extracted in the year x (cost of asset/ total estimated tons)
10,750 × ($60,000,000 / 80,000) = $8,062,500
I hope my answer helps you
Ответ:
Developed from the 1950s through the 1970s, plate tectonics is the modern version of continental drift, a theory first proposed by scientist Alfred Wegener in 1912. Wegener didn't have an explanation for how continents could move around the planet, but researchers do now.