Reference no: EM1361631
Cleanburn Coal Co. purchased coal-leasing land that contains 800,000 tons of coal for $21,700,000. Soil test by geologist cost $35,250 for the purchased land, but test at other sites that yielded negative results cost $116,250. Clearburn uses the full-cost method for exploration cost (ie., the company's total exploration and testing cost are treated as one cost pool for the entire company rather than being associated with any one exploration project). Test permits were issued by the federal government ata cost of $41,000 to Cleanburn. The estimated salvage value of the purchased land will be $2,325,000 once the cost is removed. The coal is expected to be mined within 10 years.
Before mining could begin, the company had to remove trees and undergrowth at a cost of $387,500. In addition, storage facilities and a field office were constructed at a total cost of $271,250. These facilities will last an estimated 25 years but will serve no purpose once the coal is removed: they have no residual value. Machinery that cost $1,162,500 was installed, but its service life is limited to the time required to remove the coal. The building will depreciated on a straight-line basis, while the machinery will be depreciated by using the sum-of -the -years' digit method.
In the first year of operations, Cleanburn mined 30,000 tons of coal: in the second year, 70,000 tons : and in the third year, 75,000 tons.
How do I prepare a schedule showing
q. unit and total depletion
b. depreciation for the first three years of operation.
Assume that the purchase occurred on Jan. 1 and that Cleanburn uses a calendar fiscal year.
|
What is the response time for jobs in observed system
: We observe a closed system for 30 minutes, during which 1600 tasks are completed, from 12 terminals. Each terminal (source of tasks). What is the response time for jobs in the observed system?
|
|
Why us health care system is good
: Describe five health issues we might face over the next 20 years, and provide solutions to those problems. List and describe briefly five reasons why, the U.S. health care system is good.
|
|
Illustrate what happens to the price received by sellers
: Solve for the new equilibrium. Illustrate what happens to the price received by sellers, the price paid by buyers, and the quantity sold.
|
|
Policy analysis-stakeholder alternatives
: Policy Analysis-Stakeholder Alternatives - How does a policy analyst differentiate between ideal and practical alternatives for a stakeholder
|
|
Prepare a schedule showing unit and total depletion
: Cleanburn Coal Corporation bought coal-leasing land that contains 800,000 tons of coal for $21,700,000. Soil test through geologist cost $35,250 for the purchased land, but test at other sites that yielded negative results cost $116,250.
|
|
How close does the proton get to the line of charge
: What is the coefficient of the kinetic friction of the tires and pavement.
|
|
American red cross and american heart association
: What is the culture within the American Red Cross and American Heart Association? How are the two organizations similar or different? What can the managers at each organization do to change the culture of their organization?
|
|
Strategic management - an integrated approach
: In approximately analyse the book, apply what the author(s) say(s) to concepts learned from the textbook Strategic Management
|
|
Draw a flowchart to determine fare
: Write an algorithm to find the bus fare based on distance travelled as per the following rates:a. Rs.5.00 for first 2 kms.
|