In 2017, OBSTREPEROUS NOISY Mining Corp. acquired the right to use 1,000 acres of land to mine for gold. The lease cost is P200,000,000, and the related exploration costs on the property amounted to P40,000,000. It is the policy of OBSTREPEROUS Mining Corp. to capitalize all costs of exploration and evaluation of mineral resources. Intangible development costs for drilling, tunnels, shafts, and wells incurred before opening the mine amounted to P340,00,000. At the end of the mine's economic useful life, OBSTREPEROUS Mining Corp. is required by legislation to restore the site. Estimated restoration costs have a fair value of P20,000,000. OBSTREPEROUS Mining Corp. estimates that the mine will provide approximately 100,000,000 ounces of gold. Actual ounce of gold mined in 2018 totaled 300,000 ounces. How much is the depletion charge in 2018?

Subject - account  Please help me.  Thankyou.

where do we get the 2,000,000 from?

Can some one please help me to solve the following question correctly per the directions. PLEASE AND THANK YOU!!!!!!

A real estate development company is considering the purchase of a new piece parcel of land in manhattan that will cost $34,000,000. The land will generate $6,500,000 of rent each year for the next 20 years. what is the IRR for this new investment?   NOTE: enter amount to two decimal (e.g., 78.76 or 40.00)   IRR= ______ %

Calculate it manually, not in excel. Show complete solution and formula used. Please don't type the solution. Write it in a piece of paper.

A6) Finance consider a project that will cost $95,000 today and is projected to bring in $55,000 in year 1, $40,000 in year 2, and $20,000 in year 3. cost of capital is 10%. what is the projects PI?

Solve it correctly please. I will rate accordingly.

You have just won the lottery and will receive $1,750 per year forever. What is the present value of this infinite stream of cash flows given an 7% discount rate? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. $12,500 a b $17,500 с $23,333.33 d $175,000.00