At the beginning of 2017, wildhorse company acquired a mine for $1,043,200. of this amount, $94,000 was ascribed to the land value and the remaining portion to the minerals in the mine. surveys conducted by geologists have indicated that approximately 5,640,000 tons of the ore appear to be in the mine. wildhorse incurred $47,000 of development costs associated with this mine prior to any extraction of minerals. it also determined that the fair value of its obligation to prepare the land for an alternative use when all of the mineral has been removed was $19,000. during 2017, 1,130,000 units of ore were extracted and 940,000 of these units were sold. compute the following. a. the total amount of depletion for 2014.b. the amount that is charged as an expense for 2014 for the cost of the minerals sold during 2014.

Employees of dti, inc. worked 1,600 direct labor hours in january and 1,000 direct labor hours in february. dti expects to use 18,000 direct labor hours during the year, and expects to incur $22,500 of worker’s compensation insurance cost for the year. the cash payment for this cost will be paid in april. how much insurance premium should be allocated to products made in january and february?

Which of the following statements is correct? large corporations are taxed more favorably than sole proprietorships. corporate stockholders are exposed to unlimited liability. due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporations. most businesses (by number and total dollar sales) are organized as partnerships or proprietorships because it is easier to set up and operate in one of these forms rather than as a corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, mainly because corporations have important tax advantages over proprietorships and partnerships. most business (measured by dollar sales) is conducted by corporations in spite of large corporations’ often less favorable tax treatment, due to legal considerations related to ownership transfers and limited liability.

Uknow what i love about i ask a dumb question it is immediately answered but when i ask a real question it take like an hour to get answered