Business, 06.03.2020 21:59 nikkera03

Salter Mining Company purchased the Northern Tier Mine for $87 million cash. The mine was estimated to contain 4.7 million tons of ore and to have a residual value of $6.4 million. During the first year of mining operations at the Northern Tier Mine, 90,000 tons of ore were mined, of which 12,000 tons were sold. a. Prepare a journal entry to record depletion during the year. b. Show how the Northern Tier Mine, and its accumulated depletion, would appear in Salter Mining Company's balance sheet after the first year of operations.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 22:00, mpete1234567890

Select the correct answers. mila is at a flea market. she has $50 in her wallet. she decides that she will spend $15 on jewelry, $20 on a pair of jeans, $5 on a t-shirt, and $10 on something to eat. she likes a one-of-a-kind t-shirt, but the seller is not ready to sell it for less than $8. she thinks of five ways to deal with this situation. which two choices indicate a trade-off?

Answers: 3

continue

Business, 22.06.2019 19:00, nativebabydoll35

In north korea, a farmer’s income is the same as a dentist’s income. in a country with a mixed or market economy, the difference between those two professions might be more than 5 times different. how can you explain the fact that individuals doing the same work in different countries do not earn comparable salaries?

Answers: 1

continue

Business, 22.06.2019 22:30, aaroneduke558

Perry is a freshman, he estimates that the cost of tuition, books, room and board, transportation, and other incidentals will be $30000 this year. he expects these costs to rise about $1500 each year while he is in college. if it will take him 5 years to earn his bs, what is the present cost of his degree at an interest rate of 6%? if he earns and extra $10000 annually for 40 years, what is the present worth of his degree.?

Answers: 3

continue

Business, 22.06.2019 23:20, s945924

Warby parker, a manufacturer of fashionable prescription eyewear, notes on its website, "warby parker was founded with a rebellious spirit and a loft objective: to offer designer eyewear at a revolutionary price, while leading the way for socially-conscious business." this excerpt from the company's website states warby parker's

Answers: 1

continue

You know the right answer?

Salter Mining Company purchased the Northern Tier Mine for $87 million cash. The mine was estimated...