On April 2, 2017, Montana Mining Co. pays $4,653,970 for an ore deposit containing 1,571,000 tons. The company installs machinery in the mine costing $231,600, with an estimated seven-year life and no salvage value. The machinery will be abandoned when the ore is completely mined. Montana begins mining on May 1, 2017, and mines and sells 154,100 tons of ore during the remaining eight months of 2017.
Required:
Prepare the December 31, 2017, entries to record both the ore deposit depletion and the mining machinery depreciation. Mining machinery depreciation should be in proportion to the mine's depletion.
Answers: 3
Business, 21.06.2019 22:30
Match the vocabulary word to the correct definition. 1. compensation 2. corporate social responsibility 3. discrimination 4. benefits 5. biodegradable a. a business’s obligation to the community and the environment b. the ability to naturally break down or decompose c. treating someone differently because of his or her race, religion,gender, sexual orientation, or disabilities d. indirect and non-cash compensation paid to employees e. the salary and other benefits for doing a job
Answers: 1
Business, 22.06.2019 07:10
In a team environment, a coordinator is? a person with expert knowledge or skills in a particular area the team needs. a good listener who works to resolve social problems among teammates. a leader who team members focus on their tasks. a good networker who likes to explore new ideas and possiblities.
Answers: 2
Business, 22.06.2019 09:00
What should a food worker use to retrieve ice from an ice machine?
Answers: 1
Business, 22.06.2019 09:40
Salt corporation's contribution margin ratio is 78% and its fixed monthly expenses are $30,000. assume that the company's sales for may are expected to be $89,000. required: estimate the company's net operating income for may, assuming that the fixed monthly expenses do not change.
Answers: 1
On April 2, 2017, Montana Mining Co. pays $4,653,970 for an ore deposit containing 1,571,000 tons. T...
History, 10.11.2019 04:31
History, 10.11.2019 04:31
Mathematics, 10.11.2019 04:31
Mathematics, 10.11.2019 04:31
Mathematics, 10.11.2019 04:31
World Languages, 10.11.2019 04:31
Biology, 10.11.2019 04:31
Mathematics, 10.11.2019 04:31
History, 10.11.2019 04:31
History, 10.11.2019 04:31
Health, 10.11.2019 04:31
History, 10.11.2019 04:31
Biology, 10.11.2019 04:31
Mathematics, 10.11.2019 04:31
Computers and Technology, 10.11.2019 04:31
English, 10.11.2019 04:31