Ceres corporation acquired a mineral mine for $6,000,000 of which $600,000 was ascribed to land value after the mineral has been removed. geological surveys have indicated that 9 million units of the mineral could be extracted. during 2017, 1.8 million units were extracted and 1.2 million units were sold. what is the total amount of depletion recorded in inventory for 2017?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Ceres corporation acquired a mineral mine for $6,000,000 of which $600,000 was ascribed to land value after the mineral has been removed. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
In 2016, Bubble Inc. had net income of $500,000, assets of $5,000,000, sales of $2,000,000, and debt of 2,000,000. In 2017, Bubble Inc. had net income of $600,000, assets of $7,000,000, sales of $1,300,000, and debt of 2,000,000.
Answers (1)
Sharon, an HR manager, is considering methods of job analysis to introduce at her organization in order to improve the process of writing job descriptions. One option she is considering is the Position Analysis Questionnaire (PAQ).
Answers (1)
Which of the following type of software is the most powerful for managing complex sets of data? A. Graphic design software B. Word processing software C. Spreadsheet software D. Database software
Answers (1)
Hunt Incorporated sold $209,000 of accounts receivable to Gannon Factors Inc. on a with recourse basis.
Answers (1)
What is the definition of nursery operation
Answers (1)
New Questions in Business
Sandra is the leader of a large team of colleagues in the finance division of a multi-national corporation. The team is working on a 3-year plan to improve performance.
Answers (1)
Which of the following statements is false? Select one: a. because manufacturing plants and warehousing can be very expensive to lease or build, companies are hesitant to close them, b. the initial focus in facility location is on a region, c.
Answers (1)
Identify the types of goods or services they provide to their customers? (informal bookkeeping operation)
Answers (1)
Your goal is to have $12,500 in your bank account by the end of six years. If the interest rate remains constant at 9% and you want to make annual identical deposits, how much will you need to deposit in your account at the end of each year to reach
Answers (1)
taxpayer, age 64, purchases an annuity from an insurance company for $50,000. She is to receive $300 per month for life. Her life expectancy 20.8 years from the annuity starting date.
Answers (1)