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On April 2, 2013, Montana Mining Co. pays $ 3,721,000 for an ore deposit containing 1,525,000 tons. The company installs machinery in the mine costing $ 213,500, with an estimated seven year life and no salvage value. The machinery will be abandoned when the ore is completely mined. Montana begins mining on May 1, 2013, and mines and sells 166,200 tons of ore during the remaining eight months of 2013. Prepare the December 31, 2013, entries to record both the ore deposit depletion and the mining machinery depreciation. Mining machinery depreciation should be in proportion to the mine's depletion.
Distinguish between discretionary and committed fixed costs.
Identify the three steps to record a transaction and perform the three steps to record the transactions for Data Integrity Company.
savrocca accountant for shine king cleaning is attempting to reconcile the monthly bank account.nbsp savrocca has the
nol carryback and carryforward valuation account versus no valuation accountsondgeroth inc. reports the following
What are the pros and cons of this tax credit? Why is this issue of any interest to the NAHB?
hemingway inc. applies factory overhead based on direct labor costs. the company incurred the following costs during
1.to prevent fraudulent shipments of merchandise organizations shoulda.match every receiving slip to an approved
at the beginning of august hogancamp corporation had 26000 of raw materials on hand. during the month the company
1.a company is contemplating investing in a new piece of manufacturing machinery. the amount to be invested is 150000.
Assuming the City maintains it books and records in a manner that facilitates the preparation of the fund financial statements, prepare journal entries, in the Debt Service Fund, for the following transactions.
Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31, 2013.
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