Kingbird corporation acquires a coal mine at a cost of $424,000. intangible development costs total $106,000. after extraction has occurred, kingbird must restore the property (estimated fair value of the obligation is $84,800), after which it can be sold for $169,600. kingbird estimates that 4,240 tons of coal can be extracted. if 742 tons are extracted the first year, prepare the journal entry to record depletion.

description/accoun debit credit

restoration costsdevelopment costs

accumulated depletioninventory

Case in point 1.2 suppose you work in the it department of global hotels, a multinational hotel chain. global hotels runs several specialized business support systems, including a guest reservations system that was developed in-house to meet the requirements of a large company with worldwide operations. guests can make one-stop online reservations by visiting global's website, which has links to all major travel industry sites. global hotels just acquired momma's, a regional chain of 20 motels in western canada. momma's uses a vertical reservations package suitable for small- to medium-sized businesses and a generic accounting and finance package. should momma's use global hotels' information systems or continue with its own? in your answer, consider issues such as business profiles, business processes, system interactivity, edi, ecommerce, and the characteristics of both information systems. what additional information would be to you in making a recommendation?

Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes

Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine