Homework Answers
Amount of depreciation per unit=d=(Initial Cost-Salvage)/Estimated production capacity
Amount of depreciation per unit=d=(1500000-100000)/500=$2800 per metric ton
Depreciation amount for 2nd year=d*required metric tons in year 2=200*2800=$560,000
Depreciation amount for 4th year=d*required metric tons in year 4=120*2800=$336,000
Depreciation amount for 5th year=d*required metric tons in year 5=30*2800=$84,000
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also, depreciation amount for the fourth and fifth year?
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purchased a tract of mineral land for $1,296,000. It is estimated
that this tract will yield 172,800 tons of ore with sufficient
mineral content to make mining and processing profitable. It is
further estimated that 8,640 tons of ore will be mined the first
and last year and 17,280 tons every year in between. (Assume 11
years of mining operations.) The land will have a salvage value of
$43,200. The company builds necessary structures and sheds...
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$1,278,000. It is estimated that this tract will yield 170,400 tons
of ore with sufficient mineral content to make mining and
processing profitable. It is further estimated that 8,520 tons of
ore will be mined the first and last year and 17,040 tons every
year in between. (Assume 11 years of mining operations.) The land
will have a salvage value of $42,600.
The company builds necessary structures and sheds...
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$954,000. It is estimated that this tract will yield 127,200 tons
of ore with sufficient mineral content to make mining and
processing profitable. It is further estimated that 6,360 tons of
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year in between. (Assume 11 years of mining operations.) The land
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The company builds necessary structures and sheds...
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ment Help Save & E Che The Hard Rock Mining Company is developing cost formulas for management planning and decision making purposes. The company's cost analyst has concluded that utlities cost is a mixed cost, and he is attempting to find a base that correlates with the cost. The controller has suggested that tons mined might be a good base to use in developing a cost formula. The production superintendent disagrees; she thinks that direct labor-hours would be a better...
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