Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 11 > question 9 of 10 at the beginning of 2020,

11 > Question 9 of 10 At the beginning of 2020,...

60.1K

Verified Solution

Question

Accounting

image
11 > Question 9 of 10 At the beginning of 2020, Bramble Company acquired a mine for $1,310,400. Of this amount, $ 108,000 was ascribed to the land value and the remaining portion to the minerals in the mine. Surveys conducted by geologists have indicated that approximately 11.910,000 units of ore appear to be in the mine. Bramble incurred $ 183,600 of development costs associated with this mine prior to any extraction of minerals. It also determined that the fair value of its obligation to prepare the land for an alternative use when all of the mineral has been removed was $ 43,200. During 2020, 2,747,000 units of ore were extracted and 2,057,000 of these units were sold Compute the following (a) * Your answer is incorrect. The total amount of depletion for 2020. (Round per unit answer to 2 decimal places, e... 0.45 for computational purpose and final answer to o decimal places. c.3. 45,892.) $ 0.12 Depletion for 2020

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Advance Math
1.2K views

Is it possible to have 60 coins, all of which are pennies, dimes or quarters, with...

Physics
1.2K views

You are working with a team designing capacitors for specialized purposes. One client needs a capacitor...

Physics
1.2K views

x of a body of mass 1 kg on smooth horizontal surface as a function...

Basic Math
1.2K views

Let the Universal Set, S, have 85 elements. A and B are subsets of S....

Basic Math
1.2K views

Which of the following represents vector w 45i 28j in trigonometric form Round 0 to...

Algebra
1.2K views

Write in standard notation 1 59 10

Accounting
1.2K views

Exercise 10-6(Algo) Direct Materials and Direct Labor Variances [LO10-1, LO10-2] Huron...

Accounting
1.2K views

Audits are typically required for

Accounting
1.2K views

When a Sales Journal's sales amount column is totalled at the end of the month,...

Accounting
1.2K views

Describe three features of modernity in detail, including its characterization of the human subject. Describe...

Accounting
1.2K views

Bramble inc can produce 100 units of a component part with the following costs: Direct...

Finance
1.2K views

A project of average risk has an initial cash inflow followed by a series of...