Reference no: EM132891083
Problem 1: In January 2018 PM Corporation purchased a mineral mine for P14,400,000 with removable ore estimated by geological surveys at 8,640,000 tons. The property has an estimated value of P1,440,000 after the ore has been extracted. The company incurred P4,320,000 of intangible development costs in preparing the property for the extraction of ore. During 2020, 1,080,000 tons were removed and 960,000 were sold. For the year ended December 31, 2020, how much should the company include as depletion in its cost of goods sold?
a. 1,440,000
b. 1,620,000
c. 1,920,000
d. 2,160,000
Internet for business plan preparation
: What kinds of templates are available? Do these make it easier to write a plan? Find some sample plans online
|
How much is the capital balance of yvette
: After Mary Rose is accepted into the partnership how much is the capital balance of Yvette? Mary Rose decides to buy 25% interest in the Theresa and Yvette.
|
Compare technological innovation with managerial innovation
: Compare technological innovation with managerial innovation based on: (MARIA)
|
Record a journal entry to recognize tax expense
: Zeta Corporation reported taxable income for 2019 of $200,000. Record a journal entry to recognize tax expense, tax payable, and deferred tax for 2019
|
How much should the company include as depletion
: PM Corporation, For the year ended December 31, 2020, how much should the company include as depletion in its cost of goods sold?
|
Discuss the key reasons for the success of jack ma
: Discuss the key reasons for the success of Jack Ma including his communication, culture and background. (Some Keywords: resilience, motivation, leadership, impa
|
Why is it important to develop hypotheses for a study
: Question: Why is it important to develop hypotheses for a study? What purpose does a hypothesis serve and how could it be tested?
|
Which would be included in the entry to record the depletion
: Which would be included in the entry to record the depletion? SMR Coal Mining must restore the property (estimated present value of obligation is P1,200,0000).
|
Do you think these services are effective
: Do you think these services are effective? Would they work for your business? What can you learn about venture capital on the Web? Look at PwC MoneyTree
|