On july 23 of the current year dakota mining co pays

Reference no: EM13594496

On July 23 of the current year, Dakota Mining Co. pays $8,343,600 for land estimated to contain 9,816,000 tons of recoverable ore. It installs machinery costing $1,570,560 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 504,750 tons of ore during its first five 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.How do I find out the depletion of exprense mineral deposits and the depreciation expense of the machinery?

Reference no: EM13594496

Questions Cloud

Read inc instituted a new process in october 2012 during : read inc. instituted a new process in october 2012. during october 24000 units were started in department a. of the

A sample of solid having a density of 343 gcm3 had an : a sample of solid having a density of 3.43 gcm3 had an apparent mass of 13.9264. the density of the balance weights is

The willsey merchandise company has budgeted 56000 in sales : the willsey merchandise company has budgeted 56000 in sales for the month of december. the companys cost of goods sold

Dscribe in detail how you would prepare a solution with a : assume that you have 1 2 5 and 10 ml pipets and a 25 ml volumetric flask. describe in detail how you would prepare a

On july 23 of the current year dakota mining co pays : on july 23 of the current year dakota mining co. pays 8343600 for land estimated to contain 9816000 tons of recoverable

Hw much concentrated solution would you take to prepare : how much concentrated solution would you take to prepare 2.85nbsp of 0.570nbsp by mixing with water? hcl is purchased

A student in a parked car honks the horn which has a proper : question a student in a parked car honks the horn which has a proper frequency of 310 hz. an observer in an approaching

Prepare a cost of goods sold budget for lifetyme publishers : what are the total assets and net income for this problem?prepare a cost of goods sold budget for lifetyme publishers

A block mass 1592kg supported by a vertical massless cable : a block mass 15.92kg supported by a vertical massless cable is initially at rest. the block is then pulled upward with

User Account

All Pages