Problem 28-3 (IAA) (AAT) 6-88 moldo1T On January 1, 2020 Universal Company paid P5,400,000 for property containing natural resource of 2,000,000 tons of ore. The estimated discounted amount of restoring the land after the resource is exhausted is P450,000 and the land will have a value of P650,000 after it is restored for suitable use. jopas valge oil ordt als Tunnels, bunk houses and other fixed installations are constructed in the amount of P8,000,000. Such expenditures are to be charged to mine improvements. ne oda balA removed Operations began on January 1, 2021 and resources totaled 600,000 tons. Borzorgy ecT During 2022, a discovery was made indicating that available resources after 2022 will total 1,875,000 tons. At the beginning of 2022, additional bunk houses were. constructed in the amount of P770,000. In 2022, only 400,000 tons were mined because of a strike.

Problem 28-3 (IAA) (AAT) 6-88 moldo1T On January 1, 2020 Universal Company paid P5,400,000 for property containing natural resource of 2,000,000 tons of ore. The estimated discounted amount of restoring the land after the resource is exhausted is P450,000 and the land will have a value of P650,000 after it is restored for suitable use. jopas valge oil ordt als Tunnels, bunk houses and other fixed installations are constructed in the amount of P8,000,000. Such expenditures are to be charged to mine improvements. ne oda balA removed Operations began on January 1, 2021 and resources totaled 600,000 tons. Borzorgy ecT During 2022, a discovery was made indicating that available resources after 2022 will total 1,875,000 tons. At the beginning of 2022, additional bunk houses were. constructed in the amount of P770,000. In 2022, only 400,000 tons were mined because of a strike.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter11: Depreciation, Depletion, Impairment, And Disposal

Section: Chapter Questions

Problem 3MC: Using the sum-of-the-years-digits method, how much depreciation expense should Vorst record in 2020...

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