Reference no: EM132944264
Question - On January 1, 2019, a entity purchased a mineral mine for P26,400,00 with removable are estimated at 1,200,000 tons. After it has extracted all the ore, the entity will be required by law to restore the land to the original condition at an estimated cost of P2,200,000.
The present value of the estimated restoration cost is P 1,800,000. The property can be sold afterwards for P3,000,000.
During 2019, the entity incurred P2,000,000 exploration cost and P1,600,000 development cost preparing the mine for production. The entity removed 80,000 tons of ore and sold 60,000 tons of ore in the current year. What is the depletion for the current year?
|
What is the present value of an offer
: What is the present value of an offer of P14,000 a years from now if the opportunity cost of capital (discount rate) is 11% per year nominal annual rate
|
|
What is the cost of equity after recapitalization
: What is the cost of equity after recapitalization? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places)
|
|
What the depreciation expense for the building
: It had an original useful life of 40 years and a salvage value of $60,000. Purchase date was 1/1/23. What the 2025 depreciation expense for the building
|
|
Can sketch two cvp analysis graphs for the clinic-one
: Can you Sketch two CVP analysis graphs for the clinic-one with number of visits on the x -axis and one with number of members on the x
|
|
What is the depletion for the current year
: The entity removed 80,000 tons of ore and sold 60,000 tons of ore in the current year. What is the depletion for the current year
|
|
What is the external financing needed
: All costs, assets, and current liabilities vary directly with sales. The firm is currently at full production. What is the external financing needed (EFN)?
|
|
What amount of depreciation should be recorded
: The asset was acquired on July 1, 2016. Using the same depreciation method in 2016, 2017 and 2018, what amount of depreciation should be recorded in 2019
|
|
What is the total sales value and net realizable value
: In Dept. 1, 110,000 pounds of material XYZ are processed, at a total cost of P120,000. What is the total sales value and net realizable value
|
|
Calculate a corrected amount for the ending inventory
: There were goods in transit on December 31, 2019, from a supplier with terms FOB destination, costing Tshs.10,000,000. Calculate the ending inventory
|