Reference no: EM132975279
Question - On July 1, 2019, LAM Company, a calendar year corporation, purchased the right to a mine. The total purchase price was P16,400,000 of which P2,000,000 was allocable to the land.
Estimated reserves were 1,800,000 tons. The entity expected to extract and sell 25,000 tons per month.
The entity purchased new equipment on July 1, 2019for P7,500,000. The equipment had a useful life of 8 years.
However, after all the resource is removed, the equipment would be no use and could be sold for P300,000.
What amount should be reported as depletion for 2019?
Calculate the share value using Dividend Growth Model
: Calculate the share value using Dividend Growth Model, assuming dividend will grow 9% for Flour Mills of Fiji, 7% for RB Patel Ltd
|
How developments impact the global community
: How developments impact the global community; and discuss the ways that the global culture has more or less integrated in the recent years.
|
Calculate the current duration of Siobhán portfolio
: Calculate the current duration of Siobhán's portfolio using a yield to maturity of j2 = 3.1% p.a. Express your answer in terms of years
|
What are areas of strength within the interpersonal domain
: What are your areas of strength within the interpersonal domain, and how did you determine a cluster as a strength? Provide supportive examples.
|
What amount should be reported as depletion
: The total purchase price was P16,400,000 of which P2,000,000 was allocable to the land. What amount should be reported as depletion for 2019
|
What is likelihood of success at expatriate assignments
: What qualities might limit success (low scores)? How might go about increasing the qualities in yourself? What is likelihood of success at expatriate assignment
|
Analyze hr strategic initiatives of managing hr globally
: Analyze HR strategic initiatives of managing HR globally, diversity and inclusion, risk management, and social corporate responsibility that impact organization
|
Prepare the sales budget for Sinclair Company
: Youth Size: Sales price $11, June 475, July 450, August 675. Prepare the sales budget for Sinclair Company for the three months
|
How much cash would be distributed to C
: Shortly thereafter, assets with book value of P55,000 and a fair value of P63,250 were distributed to A. How much cash would be distributed to C
|