On april 17, 2018, the loadstone mining company purchased the rights to a coal mine. the purchase price plus additional
costs necessary to prepare the mine for extraction of the coal totaled $4,500,000. the company expects to extract
900,000 tons of coal during a four-year period. during 2018. 240,000 tons were extracted and sold immediately.
required:
1‘ calculate depletion for 2018.
2 discuss the accounting treatment of the depletion calculated in requirement 1.
Answers: 1
Business, 22.06.2019 13:30
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Business, 22.06.2019 18:30
What historical context does wiesel convey using the allusion of a fiery sky? he compares the sky to hell. the fires from air raids during world war ii the cremation of jews in the concentration camps the outbreak of forest fires from bombs in world war ii
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Business, 22.06.2019 20:00
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Petra contracted to paint bret’s house for $2,000. after beginning the job, petra realizes that the house is really quite big, and she’s not going to make enough profit, so she tells bret she wants another $500 to finish the job. bret doesn’t want to pay more, but he’s afraid that if she walks off the job, he’ll have trouble finding someone else to finish it, so he agrees. is bret legally obligated to pay the extra $500?
Answers: 2
On april 17, 2018, the loadstone mining company purchased the rights to a coal mine. the purchase pr...
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