A coal mine purchased 3 years ago for $7 million was estimated to contain 4,000,000 tons of coal. During the past 3 years the amount of coal removed was 21,000, 18,000, and 20,000 tons, respectively. The gross income obtained in these 3 years was $257,000 for the first year, $320,000 for the second year, and $340,000 for the third year. What is the cost depletion allowance for year 1.

Q: Pneumatics Engineering purchased a machine that had a fi rst cost of $40,000, an expected useful…

A: It is given that the initial cost of the machine is $40,000. The expected life of machine is 8 years…

Q: In response to popular demand, Dan’s established two research groups A and B composed of his n…

A: Given: The values of n and m The group name of all n students The description of all m events To…

Q: gdp per capita is a measure of prosperity because it divides the total gdp of a country by its…

A: Referencehttps://www.investopedia.com/terms/g/gdp.asp

Q: Q 06. Suppose a basket of goods and services has been selected to calculate the CPI, and 2012 has…

A: CPI in year= (Cost of basket in year/ Cost of basket in base year)* 100

Q: Current Attempt in Progress The Blue Parrot is an expensive restaurant in midtown open only for…

A: The answer is explained below: Explanation:

Q: A club has eight members. Three are to be chosen to go as a group to a national meeting. (a) How…

A: Given: There are eight members in a club who need to participate in a national meeting in groups.…

Q: The numbers of three types of bank accounts on January 1 at the Central Bank and its branches are…

A:

Q: Equipment for immersion cooling of electronic components has an installed value of $182,000 with an…

A: Actually, given information Equipment for immersion cooling of electronic components has an…