This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Interior Resources purchased land for 14,092,000, which their experts believe to contain 27.1 ... (Read 149 times)

KWilfred

  • Hero Member
  • *****
  • Posts: 570
on: Jun 24, 2018
Interior Resources purchased land for 14,092,000, which their experts believe to contain 27.1 million tons of tar sands. It costs 3,143,000 to develop the property, whose residual value is estimated at 986,000. Determine the current year depletion expense if annual production amounted to 5,149,000 tons. (Round depletion cost per unit to the nearest cent)
 A) 2,471,520
  B) 3,089,400
  C) 2,831,950
  D) 3,398,340

Question 2

Calculate the trade discount amount of merchandise with a list price of 7,000 less trade discounts of 40/25/15.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Galvarado142

  • Sr. Member
  • ****
  • Posts: 348
Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

4,322.50


KWilfred

  • Member
  • Posts: 570
Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

covalentbond

  • Member
  • Posts: 336
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Giant African land snails Giant African land snails
Processing—Mineral Resources Processing—Mineral Resources
Tomb Interior With Corbeling And Engraved Stones Tomb Interior With Corbeling And Engraved Stones
Agricultural Land as a Fraction of Total Wealth in the United Kingdom Agricultural Land as a Fraction of Total Wealth in the United Kingdom
Resources from Rocks and Minerals Resources from Rocks and Minerals
Offset Method Plot of Land with Length Line Offset Method Plot of Land with Length Line
Video: Stimulus (introduction)

For a complete list of videos, visit our video library