What is the cost depletion for the mine

Reference no: EM132074731

Question: Roll'n'Stone has operated a gravel mine for the last year. It extracted 60,000 tons during the last year. The mine is estimated to contain a total of 2.5 million tons of gravel. The land initially cost $3.2 million. What is the cost depletion for the mine in the last year rate 10%.

Reference no: EM132074731

Questions Cloud

What would be hooper break-even point : Assume that the venture is undertaken and an order is placed for 240 sweatshirts. What would be Hooper's break-even point in unit sales and in dollar sales?

Copmparable jobs perceive conditions : 1. Employee one earns £50?000 annually, is a chartered accountant, works 47 hours per week and has received excellent performance reviews.

What is the current value of one share of the gievn stock : Roger works for a rapidly growing company that is planning on distributing annual dividends that will increase about 18% annually for the next 4 years.

Uk features a large selection of building supplies : Fulbert Timber Merchants in Brixton, UK features a large selection of building supplies, including timber, fencing and decking, mouldings

What is the cost depletion for the mine : Roll'n'Stone has operated a gravel mine for the last year. It extracted 60,000 tons during the last year. The mine is estimated to contain a total.

What would be the important financial statements to be in : What would be the important financial statements to be in place for an initial assessment of the venture? Provide details and justification of each choice.

What is the weight of equity to use in a wacc calculation : Rock Company has 2 million shares of common equity outstanding with a book value of $1 per share, retained earnings of $40 million, and a market value.

Estimate the current yield : Rolling Company bonds have a coupon rate of 5.20 percent. 20 years to maturity. and a current price of $1,146. What is the YTM? The current yield?

Existing plant on a piece of land it already owns : Carroll Tree Ranch is considering expanding an existing plant on a piece of land it already owns. The land was purchased 15 years ago for $162,500

User Account

All Pages