The average depletion cost per ounce of parcel of land if the Platinum touch Mining Company paid $4,000,000 for the parcel of land, and the residual value of the asset is $800,000.

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Answer 1

Question

Chapter 17, Problem 14AT

(a)

To determine

To calculate: The average depletion cost per ounce of parcel of land if the Platinum touch Mining Company paid $4,000,000 for the parcel of land, and the residual value of the asset is $800,000.

(b)

To determine

To calculate: The amount of depletion cost if 1,220 ounces are mined in the first year and the Platinum touch Mining Company paid $4,000,000 for the parcel of land, and the residual value of the asset is $800,000.

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A: Tan Latitude / Tan P A = Tan 04° 30'/ Tan 77° 50.3' A= 0.016960 803 S CA named opposite to latitude, except when hour angle between 090° and 270°) B: Tan Declination | Sin P B Tan 052° 42.1'/ Sin 77° 50.3' B = 1.34 2905601 SCB is alway named same as declination) C = A + B = 1.35 9866404 S CC correction, A+/- B: if A and B have same name - add, If different name- subtract) = Tan Azimuth 1/Ccx cos Latitude) Tan Azimuth = 0.737640253 Azimuth = S 36.4° E CAzimuth takes combined name of C correction and Hour Angle - If LHA is between 0° and 180°, it is named "west", if LHA is between 180° and 360° it is named "east" True Azimuth= 143.6° Compass Azimuth = 145.0° Compass Error = 1.4° West Variation 4.0 East Deviation: 5.4 West

Direction: Strictly write in 4 bond paper, because my activity sheet is have 4 spaces. This is actually for maritime. industry course, but I think geometry can do this. use nautical almanac. Sample Calculation (Amplitude- Sun): On 07th May 2006 at Sunset, a vesel in position 10°00'N 0 10°00' W observed the sun bearing 288° by compass. Find the compass error. LMT Sunset 07d 18h 13m (+)00d 00h 40 м LIT: UTC Sunset: 07d 18h 53 m added - since longitude is westerly Declination Co7d 18h): N016° 55.5' d(0.7): (+) 00-6 N016 56.1' Declination Sun: Sin Amplitude Sin Declination (Los Latitude - Sin 016° 56.1'/Cos 10°00' = 0.295780189 Amplitude = WI. 2N (The prefix of amplitude is named easterly if body is rising. and westerly of body is setting. The suffix is named came as declination.) True Bearing: 287.20 Compass Bearing 288.0° Compass Error: 0.8' West

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Answer 2

Question

Chapter 17, Problem 14AT

(a)

To determine

To calculate: The average depletion cost per ounce of parcel of land if the Platinum touch Mining Company paid $4,000,000 for the parcel of land, and the residual value of the asset is $800,000.

(b)

To determine

To calculate: The amount of depletion cost if 1,220 ounces are mined in the first year and the Platinum touch Mining Company paid $4,000,000 for the parcel of land, and the residual value of the asset is $800,000.

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Answer 3

Question

Chapter 17, Problem 14AT

(a)

To determine

To calculate: The average depletion cost per ounce of parcel of land if the Platinum touch Mining Company paid $4,000,000 for the parcel of land, and the residual value of the asset is $800,000.

(b)

To determine

To calculate: The amount of depletion cost if 1,220 ounces are mined in the first year and the Platinum touch Mining Company paid $4,000,000 for the parcel of land, and the residual value of the asset is $800,000.

Expert Solution & Answer

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Answer 4

Question

Chapter 17, Problem 14AT

(a)

To determine

To calculate: The average depletion cost per ounce of parcel of land if the Platinum touch Mining Company paid $4,000,000 for the parcel of land, and the residual value of the asset is $800,000.

(b)

To determine

To calculate: The amount of depletion cost if 1,220 ounces are mined in the first year and the Platinum touch Mining Company paid $4,000,000 for the parcel of land, and the residual value of the asset is $800,000.

Expert Solution & Answer

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Answer 5

Chapter 17, Problem 14AT

(a)

To determine

To calculate: The average depletion cost per ounce of parcel of land if the Platinum touch Mining Company paid $4,000,000 for the parcel of land, and the residual value of the asset is $800,000.

(b)

To determine

To calculate: The amount of depletion cost if 1,220 ounces are mined in the first year and the Platinum touch Mining Company paid $4,000,000 for the parcel of land, and the residual value of the asset is $800,000.

Answer 6

Chapter 17, Problem 14AT

(a)

To determine

To calculate: The average depletion cost per ounce of parcel of land if the Platinum touch Mining Company paid $4,000,000 for the parcel of land, and the residual value of the asset is $800,000.

Answer 7

Chapter 17, Problem 14AT

(a)

To determine

To calculate: The average depletion cost per ounce of parcel of land if the Platinum touch Mining Company paid $4,000,000 for the parcel of land, and the residual value of the asset is $800,000.

Answer 8

(b)

To determine

To calculate: The amount of depletion cost if 1,220 ounces are mined in the first year and the Platinum touch Mining Company paid $4,000,000 for the parcel of land, and the residual value of the asset is $800,000.

Answer 9

(b)

To determine

To calculate: The amount of depletion cost if 1,220 ounces are mined in the first year and the Platinum touch Mining Company paid $4,000,000 for the parcel of land, and the residual value of the asset is $800,000.

Answer 10

Expert Solution & Answer

Answer 11

Expert Solution & Answer

Answer 12

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Answer 13

Ch. 17.I - Wild Flour Bakery purchased a new bread oven for...Ch. 17.I - Prob. 2TIE Ch. 17.I - Prob. 3TIE Ch. 17.I - Prestige Limousine Sen ice purchased a limousine...Ch. 17.I - Prob. 1RE Ch. 17.I - Prob. 2RE Ch. 17.I - Prob. 3RE Ch. 17.I - Prob. 4RE Ch. 17.I - Prob. 5RE Ch. 17.I - Prob. 6RE

The average depletion cost per ounce of parcel of land if the Platinum touch Mining Company paid $4,000,000 for the parcel of land, and the residual value of the asset is $800,000.

Solution Summary: The author calculates the average depletion cost per ounce of parcel of land if the Platinum touch Mining Company paid 4,000,000 for the land and the residual value of the asset is 800,000.

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To calculate: The average depletion cost per ounce of parcel of land if the Platinum touch Mining Company paid $4,000,000 for the parcel of land, and the residual value of the asset is $800,000.

To calculate: The amount of depletion cost if 1,220 ounces are mined in the first year and the Platinum touch Mining Company paid $4,000,000 for the parcel of land, and the residual value of the asset is $800,000.

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Chapter 17 Solutions