Apr 17th, 2015
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Aberystwyth University
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Hi there.This document contains A+ work for the course ACC 305.I am sure that this work will not disappoint you.This document will give you the correct answers to the respective questions about the particular course.

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Student Name: InstructorClass: McGraw-Hill/IrwinProblem 11-07Requirement 1:MARION COMPANYDepletion and DepreciationCost of mineral mine:Purchase priceDevelopment costs$$1,600,000600,0002,200,000Correct!Depletion:Land resale valueEstimated ore extracted (tons)Depletion per ton$100,000400,000$5.25Correct!2011Ore extracted (tons)Depletion$50,000262,500Correct!2012Ore extracted (tons)Revised ore extraction (tons)Revised depletion rateDepletion$80,000487,500$4.20336,000Correct!Depreciation:Structures:Building costDepreciation per ton$$2011 depreciation$Revised depreciation rate2012 depreciation$$150,0000.375Correct!18,750Correct!0.3024,000Correct!Equipment:Equipment costEstimated equipment saleDepreciation per ton$$$80,0004,0000.19Correct!2011 depreciation$9,500Correct!Revised depreciation

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