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Question - On April 2, 2017, Montana Mining Co. pays $3,023,110 for an ore deposit containing 1,492,000 tons. The company installs machinery in the mine costing $200,100, with an estimated seven-year life and no salvage value. The machinery will be abandoned when the ore is completely mined. Montana begins mining on May 1, 2017, and mines and sells 141,200 tons of ore during the remaining eight months of 2017.
Prepare the December 31, 2017, entries to record both the ore deposit depletion and the mining machinery depreciation. Mining machinery depreciation should be in proportion to the mine's depletion. (Do not round intermediate calculations. Round your final answers to the nearest whole number.)
What is the maximum possible factor by which the output resistance can be raised, and at what value of Re is it achieved? Assume the BJT has β = 100 and is biased at IC = 0.5 mA.
the december 31 2009 balance sheet of schism inc. showed long-term debt of 1.415 million 143000 in the common stock
What is the minimum annual interest rate they must earn to achieve their goal of $20,300 if the interest is compounded semi-annually?
Tombro Industries is in the process of automating one of its plants and developing a flexible manufacturing system. The company is finding it necessary to make many chages in operating procedures.
a while examining cash receipts information the accounting department determined the following information opening cash
Record the events occurring on October 1, November 20, and December 30 in a horizontal statements model like the following one. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing..
How have your perspectives about race, gender, and class changed after completing this course and how did participating in discussions help your understanding of the subject matter? Is anything still unclear that could be clarified?
Name is a student currently studying to obtain her degree in Human Services Management. It is name's goal to graduate with her associate's degree then continue on with her education graduating from the University of Phoenix with a bachelor's degre..
simpson construction entered into a contract to construct a floating bridge across a lake. the contract price for the
Woodpecker, Inc., stock has an annual return mean and standard deviation of 21 percent and 47 percent, respectively. The return correlation between DW Co. and Woodpecker, Inc., is zero. What is the smallest expected loss for your portfolio in the ..
1. Calculate the depreciation that would be reported this year under each of the three methods shown in this chapter. Which of the methods would meet the owner's objective?
The contribution margin ratio for Sporting Goods is 30%, while for Sports Gear it is 50%. What will sales be for the Sporting Goods Division at the break-even point?
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