The total amount of depletion that Valley should record for 2021 is? In March, 2021, Valley Mines Co, purchased a coal mine for P6,000,000.Removable coal is estimated at 1,500,000 tons. Valley is required to restorethe land at an estimated cost of P720,000, and the land should have a valueof P630,000 after all minerals were extracted. The company incurredP1,500,000 of development costs preparing the mine for production. During2021, 450,000 tons were removed and 300,000 tons were sold.

The depletion expense is the reduction in value of mines with the tons removed during the period.

Answered: The total amount of depletion that…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Average Rate of Return Determine the average rate of return for a project that is estimated to yield total income of $467,480 over four years, has a cost of $725,400, and has a $80,600 residual value. Round to the nearest whole number.
(a) A project management consultant estimated that if a particular project was completed, t years after completion, N thousand persons would benefit directly from the project, where N(t) = 4.5t2 + 16t, 0st< 10 For what value of t, will the largest number of people receive direct benefits?
Please answer ASAP if you can please. Thank you! Please Please write expression or formula used Set up expression initially with functional notation (e.g.,(P/F,I,n))
The Dry Dock is considering a project with an initial cost of $107,770 and cash inflows for years 1 to 3 of $37,200 $54,600 and $46,900 respectively. What is the IRR?
19. Your selection committee (Yl) can choose only one of the following projects: Project A's original investment is $1 million, and the payback period is 18 months. Project B's original investment is $1.4 million, and the payback period is 18 months. Project C's original investment is $1.8 million, and the payback period is 18 months. Which project should the committee choose? A) Project A B) Project B C) Project C D) There isn't enough information in the question to determine an answer.
Q20. Two roadway designs are under consideration for access to a permanent suspension bridge. Design 1A will cost $3 million to build and $100,000 per year to maintain. Design 1B will cost $3.5 million to build and $40,000 per year to maintain. Both designs are assumed to be permanent. Use an AW-based rate of return equation to determine (a) the breakeven ROR and (b) which design is preferred at an MARR of 10% per year. a) The breakeven ROR is Not attempted %. b) At an MARR of 10% per year, design 1B Correct is preferred.
answer must be in proper format or i will give down vote
The Dry Dock is considering a project with an initial cost of $105,271 and cash inflows for Years 1 to 3 of $37,200, $54,600, and $46,900, respectively. What is the IRR?
Select all that are true with respect to the payback period for making capital investment decisions. Group of answer choices The payback period is the amount of time it takes for a project to generate breakeven income The payback period is the amount of time it takes for a project's cumulative cash flows to become zero The payback period ignores all cash flows beyond a specified required payback period The payback period ignores a project's initial investment The payback period ignores the time value of money
How many IRRs could be estimated for each project below: Project A has ________ (1, 2, 3, or 4) IRR(s). Project B has _________(1,2, 3, or 4) IRR(s). Project C has _________(1,2, 3, or 4) IRR(s). Project D has _________(1,2, 3, or 4) IRR(s)

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