Mineral depost in addions to the purchse price

Assignment Help Accounting Basics

Reference no: EM131065846

Coal train paid $430,000 for the right are from a 375,000 ton mineral depost in addions to the purchse price, coal trian Mines also paid a $2,500 license fee to the of wast vignia, and $81,110 for a goobgical sunny of the property. Because the company purchased the right to the minerala only it expects asset to zero residual value when fully depleted During the firt year of production, coal train mines removed 60,000 tons of are of which it soid 57,000 tons.

Reference no: EM131065846

Questions Cloud

Fixed assets to serve their market : A firm that would like to know whether it has too much fixed assets to serve their market would be most likely to use which category of financial ratio? Question 7 options: a) Liquidity b) Leverage c) Efficiency d) Profitability

Problem regarding the organisational behaviour : Whole Foods Market's motto: "Whole Foods, Whole People, Whole Planet" emphasizes its dedication to its retail customers and employees. The company says that there is no place for the "us-versus-them" thinking that permeates some organisations. Emp..

How fast must the air flow over the upper surface : how fast must the air flow over the upper surface of the wing if the plane is to stay in the air?

Discover five earlier precursor technologies : Follow the paradigm technology backwards to discover at least 5 earlier precursor technologies (levels). Find those that have had a major influence on the paradigm tech (not just versions of the same technology).

Mineral depost in addions to the purchse price : Coal train paid $430,000 for the right are from a 375,000 ton mineral depost in addions to the purchse price, coal trian Mines also paid a $2,500 license fee to the of wast vignia, and $81,110 for a goobgical sunny of the property.

Compute luxuryair depreciation on the plane : In question #2 the choices shown in blank 1 are the same as blank 2 Assume that on September 30, 2011, Luxuryair, the national airline of Germany, purchased a Jumbo aircraft at a cost of 42,500,000 (is the symbol for the euro).

Article summary requirements : To write a summary, use your own words to express the main ideas and relevant details of the article you have read.Your purpose in writing the summary is to give the basic ideas of the original article.What was it about and what were the key point..

Division was profitable immediately under the new ownership : This week's question focuses on cost allocation. A major manufacturer decided to put one of its divisions up for sale because managerial information showed the components produced by this division is losing money. Why do you think the division was pr..

Company assigned-avery dennison corp : Analysis of Historical Performance (revenue and market share for 5 years) and Implications for Financial Management. Discuss the reasons (external and internal) for the yearly changes in the data.

User Account

All Pages