In january 2014 yager corporation purchased a mineral mine

Reference no: EM13587489

In January, 2014, Yager Corporation purchased a mineral mine for $5,100,000 with removable ore estimated by geological surveys at 2,000,000 tons. The property has an estimated value of $300,000 after the ore has been extracted. The company incurred $1,500,000 of development costs preparing the mine for production. During 2014, 500,000 tons were removed and 400,000 tons were sold. What is the amount of depletion that Yager should expense for 2014?

Reference no: EM13587489

Questions Cloud

The magic pumpkin limousine the magic pumpkin limousine : the magic pumpkin limousine company wants to purchase a car entertainment system for one of its automobiles. the

Current distribution of contributed property andrew : current distribution of contributed property. andrew contributed investment land having an 18000 basis and a 22000 fmv

At 400 k the rate of decomposition of a gaseous compound : at 400 k the rate of decomposition of a gaseous compound initially at a pressure of 12.6 kpa was 9.71 pas when 10.0

Write the function in terms of the cofunction of a : write the function in terms of the cofunction of a complementary angle.

In january 2014 yager corporation purchased a mineral mine : in january 2014 yager corporation purchased a mineral mine for 5100000 with removable ore estimated by geological

Find all solutions to the following equation on the : find all solutions to the following equation on the interval 02picos2 cosx

Is the man making the arguments one who should be : here you will be assessing the quality of the debate style utilized by each of the two men involved in this discussion.

Sams subs purchased a delivery van on january 1 2013 for : sams subs purchased a delivery van on january 1 2013 for 35000. in addition sams paid sales tax and title fees of 1500

Is anyone willing to write out the steps and explain them : find all radian solutions to2 sin x tan x v3 tan x 0is anyone willing to write out the steps and explain them to me?

Reviews

Write a Review

Required(*) Message

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?

Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

Accounting problems

Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.

Theory of interest - term structure of interest rates

Term Structure of Interest Rates

Write a report on internal controls

Write a report on Internal Controls

Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

Liquidity and profitability

Distinguish between liquidity and profitability.

What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

Capm and venture capital

CAPM and Venture Capital

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages