acc305_wk_5_p11_07

Apr 17th, 2015
Studypool Tutor
Aberystwyth University
Price: $5 USD

Tutor description

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.

Word Count: 218
Showing Page: 1/3
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

Review from student

Studypool Student
" Excellent work as usual "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1825 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors