Natural resources at a cost
A company purchased a tract of land for its natural resources at a cost of $1,500,000. It expects to mine 2,000,000 tons of ore from this land. The salvage value of the land is expected to be $250,000. The depletion expense per ton of ore is?
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Brenan, Inc. purchased equipment at the beginning of 2004 for $1,520,000. Brenan. The equipment has an estimated residual value (salvage value) of $20,000 and an estimated life of 5 years or 100,000 hours of operation.
Smitty Museum purchased the copyright to a piece of artwork for $922,000. Smitty plans to reproduce 1.8 million posters of the artwork over a period of 12 years.
Frado Company provides you with following information related to payroll transactions for the current month. The numbers below are for the all of the employees combined.
A hockey player hits a puck so that it comes to rest in 10s after sliding 100ft on the ice. Determine (a) the initial velocity of the puck, (b) the coefficient of friction between the puck and the ice.
A company purchased a tract of land for its natural resources at a cost of $1,500,000. It expects to mine 2,000,000 tons of ore from this land.
A 10 ft long chain rests on a frictionless horizontal table such that half of its length is stretched out on the table and half hangs freely over the edge. How much time does it take for the chain to slide off the table?
A department had 600 units which were 40% complete in beginning Goods in Process Inventory. During the current period 7,000 units were transferred out. Ending Goods in Process Inventory was 800 units which were 40% complete.
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