Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
On July 23 of the current year,Serena Mining Co. pays $4,612,500 for land estimated to contain 5,125,000 tons of recoverable ore. It installs machinery costing $512,500 that has a 10-year life and no salvage value and is capable of mining the ore deposit in eight years. The machinery is paid for on July 25, seven days before mining operations begin. The company removes and sells 490,000 tons of ore during its firstfive months of operations ending on December 31. Depreciation of the machinery is in proportion to the mine's depletion as the machinery will be abandoned after the ore is mined.
Required
Prepare entries to record (a) the purchase of the land, (b) the cost and installation of machinery, (c)the first five month's depletion assuming the land has a net salvage value of zero after the ore is mined, and (d) the first five month's depreciation on machinery.
Which of the following is generally considered to be a major reason for establishing an internal audit function?
at december 31 2012 fell corporation had a deferred tax liability of 703902 resulting from future taxable amounts of
compute the inventorial costs for the year.
Corresponds to CLO 2(c) Ruben Corporation manufactures and sells T-shirts imprinted with college names and slogans. Last year, the shirts sold for $7.50 each, and the variable cost to manufacture them was $2.25 per unit.
what is the difference between notes payable and notes
marick inc has an unfunded postretirement health care benefit plan. life insurance and medical benefits are provided to
Which one of the following should be equal to the balance of the work in process inventory account at the end of the period?
Amounts paid on June 30 for a 1-year insurance policy, Professional fees earned but not billed as of June 30
Faith inherited an undivided interest in a parcel of land from her father on February 15, 2005. Her father had purchased the land on August 25, 1965, and his basis for the land was $325,000.
what is advertising?how many types of advertising?advertising is the most important?advertising is the most
Big Arber Company ordered parts from a foreign supplier on November 20 at a price of 240,000 pijios when the spot rate was $0.09 per pijio.
gore manufacturing incurred the following costs during the year direct materials 22 per unit direct labor 14 per unit
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd