ACC 557 Week 6 Chapter 10 ( E10-9 , E10-12 , E10-15 , P10- 1A )
E9-11 : On July 1 , 2014 , Sutton Inc . invested $ 720,000 in a mine estimated to have 800,000 tons of ore of uniform grade . During the last 6 months of 2014 , 120,000 tons of ore were mined and sold . ............
a ) Calculate depletion cost per unit . b ) Prepare the journal entry to record depletion expense .
c ) Assume that the 120,000 tons of ore were mined , but only 90,000 units were sold . How are the costs applicable to the 30,000 unsold units reported ?
E9-12 : The following are selected 2014 transactions of Yosuke Corporation .
Prepare necessary adjusting entries at December 31 to record amortization required by the events above . ............
P9-3A : On January 1 , 2014 , Thao Company purchased the following two machines for use in its production process ............
a ) Prepare the following for Machine A . ............
b ) Calculate the amount of depreciation expense that Thao should record for Machine B each year of its useful life under the following assumptions .............
===================================================
ACC 557 Week 6 Chapter 10 ( E10-9 , E10-12 , E10-15 , P10- 1A )
FOR MORE CLASSES VISIT www . acc557tutor . com