Find depletion allowance using better method of depletion

Reference no: EM13223247

A central Appalachia 12,500 Btu, 1.2 SO2 coal has an average price of $60 per ton. A mine having 7 million tons of coal has a first cost of $42 million. The cost of mining is $45 per ton. If, during the first 3 years of operation, the mine yields 300,000, 600,000, and 500,000 tons, respectively, determine the depletion allowance using the better method of depletion for each year.

Reference no: EM13223247

Questions Cloud

Compare and contrast the ethos of foxconn with the basic : Assess the degree to which companies like Apple might be affected by such ethical relativism in the countries in which their suppliers operate.

Find prices of two firms choose if they move simultaneosly : Consider two firms competing in prices and selling a homogeneous product. The market demand curve is p = 100 - q and the constant marginal costs of the two firms are 10 and 20 respectively. Also, suppose all prices should be integer numbers.

Find the quantities sold by each firm and the market price : Consider a simultaneous move quantity-setting game with two firms facing a demand curve p = 100 - q. Both firms have marginal cost of 20. Suppose one firm maximizes profit and the other maximizes revenue, but both take into account the other firm'..

Find the consumer surplus at the new price : Suppose two firms 1 and 2 compete in quantities and face a demand curve p = 100 - q. Suppose firm 1 has a constant marginal cost of 10 while firm 2 has a constant marginal cost of 40. Suppose they produce quantities simultaneously.

Find depletion allowance using better method of depletion : A central Appalachia 12,500 Btu, 1.2 SO2 coal has an average price of $60 per ton. A mine having 7 million tons of coal has a first cost of $42 million. The cost of mining is $45 per ton. If, during the first 3 years of operation, the mine yields ..

Explain conversion of benzoyl chloride to benzoic acid : This first-order reaction is 25% complete after 26 s. How much longer would one have to wait in order to obtain 99% conversion of benzoyl chloride to benzoic acid?

Managing the communication and information sharing : Identify the challenges and potential issues related to implementing the three goals above and develop recommendations for strategies to address these challenges and help the newly formed company meet its goals

State a monoprotic acid that dissociates in aqueous solution : a monoprotic acid that dissociates in aqueous solution. If a solution containing 0.50 M lactic acid is 1.66 percent dissociated to ionic form, calculate the value of Ka for lactic acid.

Determine current book value based on operating hour method : The Eimac tubes in a linear amplifier for radio transmission are estimated to provide 18,000 hours of operation before requiring replacement. A pair of tubes cost $20,000 and has no salvage value. Their use, expressed in hours over a 4-year period

User Account

All Pages