Reference no: EM131775657

Whether each of the following should be listed as an assets?

a. ingalls has legal title to a coal mine in a remote location. Historically, the mine has yielded more than 25 million in coal. engineering estimates suggest that no additional coal is economically extractable from the mine.

b. ingalls employs a team of five geologist who are widely recognize as worldwide leaders in their fields.

c. several years ago, ingall purchased a large meteor crater on the advise of a geologist who had developed a theory claiming that vast deposit of iron ore lay underneath the crater. the crater has no other economic use. no ore has been found, and the geologist theory is not generally accepted.

d. ingalls claims ownership of a large peice of real estate ina foreign country. the real estate has a current market value of over 225 million. the country expropriated the land 35 years ago. and no representative of ingalls has been allowed on the property since.

e. ingalls is currently negotiating the purchase of an oil field with proven oil reserves totaling 5 billion barrels.