Homework Answers
Answer-e-After the completion of extraction work, if the machine is used at another site, then it is depreciated over its own useful life.As depreciation is based on the mine's depletion then the proportionate cost of the mine is depreciated.
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Required information The following information applies to the questions displayed below) On July 23 of the...
Required information (The following information applies to the questions displayed below. On July 23 of the...
Required information (The following information applies to the questions displayed below. On July 23 of the current year, Dakota Mining Co. pays $6,966,000 for land estimated to contain 9,288,000 tons of recoverable ore. It installs and pays for machinery costing $2,322,000 on July 25. The company removes and sells 479,500 tons of ore during its first five months of operations ending on December 31. Depreciation of the machinery is in proportion to the mine's depletion as the machinery will be...
Check my work 2 Required information [The following information applies to the questions displayed below.) On...
Check my work 2 Required information [The following information applies to the questions displayed below.) On July 23 of the current year, Dakota Mining Co. pays $6.789,600 for land estimated to contain 8,280,000 tons of recoverable ore. It installs and pays for machinery costing $1,490,400 on July 25. The company removes and sells 424,250 tons of ore during its first five months of operations ending on December 31. Depreciation of the machinery is in proportion to the mine's depletion as...
On July 23 of the current year, Dakota Mining Co. pays $4.715,000 for land estimated to contain 5,125,000 tons of recoverable ore
On July 23 of the current year, Dakota Mining Co. pays $4.715,000 for land estimated to contain 5,125,000 tons of recoverable ore. It installs and pays for machinery costing $410,000 on July 25. The company removes and sells 480,000 tons of ore during its first five months of operations ending on December 31 . Depreciation of the machinery is in proportion to the mine's depletion as the machinery will be abandoned after the ore is mined.RequiredPrepare entries to record (a)...
Check my work [The following information applies to the questions displayed below.] On July 23 of...
Check my work [The following information applies to the questions displayed below.] On July 23 of the current year, Dakota Mining Co. pays $4,715,000 for land estimated to contain 5,125,000 tons of recoverable ore. It installs and pays for machinery costing $410,000 on July 25 The company removes and sells 480.000 tons of ore during its first five months of operations ending on December 31. Depreciation of the machinery is in proportion to the mine's depletion as the machinery will...
Required Information The following information applies to the questions displayed below On July 23 of the...
Required Information The following information applies to the questions displayed below On July 23 of the current year, Dakota Mining Co. pays $6.383.520 for land estimated to contain 8,184,000 tons of recoverable ore. It insta s and pays for machinery costing $1063.920 on July 25. The company removes and sells 420,750 tons of ore during its first five months of operations ending on December 31 Depreciation of the machinery is in proportion to the mine's depletion as the machinery w...
Required information The following information applies to the questions displayed below.] On July 23 of the...
Required information The following information applies to the questions displayed below.] On July 23 of the current year, Dakota Mining Co. pays $6,432,000 for land estimated to contain 8,040,000 tons of recoverable ore. It installs and pays for machinery costing $1,045,200 on July 25. The company removes and sells 411,000 tons of ore during its first five months of operations ending on December 31. Depreciation of the machinery is in proportion to the mine's depletion as the machinery will be...
on July 23 of the current year, Dakota Mining Co. pays $5,961,600 for land estimated to...
on July 23 of the current year, Dakota Mining Co. pays $5,961,600 for land estimated to contain 8,280,000 tons of recoverable ore. It installs and pays for machinery costing $828,000 on July 25. The company removes and sells 426,500 tons of ore during its first five months of operations ending December 31. Depreciation of the machinery is in proportion to the mine’s depletion as the machinery will be abandoned after the ore is mined.
Required information (The following information applies to the questions displayed below.] On July 23 of the...
Required information (The following information applies to the questions displayed below.] On July 23 of the current year, Dakota Mining Co. pays $7,282,800 for land estimated to contain 8,568,000 tons of recoverable ore. It installs and pays for machinery costing $1,627,920 on July 25. The company removes and sells 441,000 tons of ore during its first five months of operations ending on December 31. Depreciation of the machinery is in proportion to the mine's depletion as the machinery will be...
On July 23 of the current year, Dakota Mining Co. pays $7,390,320 for land estimated to contain 8,904,000 tons of recoverable ore
On July 23 of the current year, Dakota Mining Co. pays $7,390,320 for land estimated to contain 8,904,000 tons of recoverable ore. li installs machinery costing $801,360 that has a 10 -year life and no salvage value and is capable of mining the ore deposit in eight years. The machinery is paid for on July 25 , seven days before mining operations begin. The company removes and sells 458,250 tons of ore during its first five months of operations ending...
On July 23 of the current year, Dakota Mining Co. pays $6,645,600 for land estimated to contain 8.520,000 tons of recoverable ore
On July 23 of the current year, Dakota Mining Co. pays $6,645,600 for land estimated to contain 8.520,000 tons of recoverable ore. It installs machinery costing $681.600 that has a 10-year life and no salvage value and is capable of mining the ore deposit in eight years. The machinery is paid for on July 25, seven days before mining operations begin. The company removes and sells 437,500 tons of ore during its first five months of operations ending on December...
Required information (The following information applies to the questions displayed below. On July 23 of the current year, Dakota Mining Co. pays $6,966,000 for land estimated to contain 9,288,000 tons of recoverable ore. It installs and pays for machinery costing $2,322,000 on July 25. The company removes and sells 479,500 tons of ore during its first five months of operations ending on December 31. Depreciation of the machinery is in proportion to the mine's depletion as the machinery will be...
Check my work 2 Required information [The following information applies to the questions displayed below.) On July 23 of the current year, Dakota Mining Co. pays $6.789,600 for land estimated to contain 8,280,000 tons of recoverable ore. It installs and pays for machinery costing $1,490,400 on July 25. The company removes and sells 424,250 tons of ore during its first five months of operations ending on December 31. Depreciation of the machinery is in proportion to the mine's depletion as...
Check my work [The following information applies to the questions displayed below.] On July 23 of the current year, Dakota Mining Co. pays $4,715,000 for land estimated to contain 5,125,000 tons of recoverable ore. It installs and pays for machinery costing $410,000 on July 25 The company removes and sells 480.000 tons of ore during its first five months of operations ending on December 31. Depreciation of the machinery is in proportion to the mine's depletion as the machinery will...
Required Information The following information applies to the questions displayed below On July 23 of the current year, Dakota Mining Co. pays $6.383.520 for land estimated to contain 8,184,000 tons of recoverable ore. It insta s and pays for machinery costing $1063.920 on July 25. The company removes and sells 420,750 tons of ore during its first five months of operations ending on December 31 Depreciation of the machinery is in proportion to the mine's depletion as the machinery w...
Required information The following information applies to the questions displayed below.] On July 23 of the current year, Dakota Mining Co. pays $6,432,000 for land estimated to contain 8,040,000 tons of recoverable ore. It installs and pays for machinery costing $1,045,200 on July 25. The company removes and sells 411,000 tons of ore during its first five months of operations ending on December 31. Depreciation of the machinery is in proportion to the mine's depletion as the machinery will be...
Required information (The following information applies to the questions displayed below.] On July 23 of the current year, Dakota Mining Co. pays $7,282,800 for land estimated to contain 8,568,000 tons of recoverable ore. It installs and pays for machinery costing $1,627,920 on July 25. The company removes and sells 441,000 tons of ore during its first five months of operations ending on December 31. Depreciation of the machinery is in proportion to the mine's depletion as the machinery will be...
On July 23 of the current year, Dakota Mining Co. pays $7,390,320 for land estimated to contain 8,904,000 tons of recoverable ore. li installs machinery costing $801,360 that has a 10 -year life and no salvage value and is capable of mining the ore deposit in eight years. The machinery is paid for on July 25 , seven days before mining operations begin. The company removes and sells 458,250 tons of ore during its first five months of operations ending...
On July 23 of the current year, Dakota Mining Co. pays $6,645,600 for land estimated to contain 8.520,000 tons of recoverable ore. It installs machinery costing $681.600 that has a 10-year life and no salvage value and is capable of mining the ore deposit in eight years. The machinery is paid for on July 25, seven days before mining operations begin. The company removes and sells 437,500 tons of ore during its first five months of operations ending on December...
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