# sam jones owns a granite stone quarry when he acquired the land sam allocated 800 00 4373902

Sam Jones owns a granite stone quarry. When he acquired the land, Sam allocated \$800,000 of the purchase price to the quarry’s recoverable mineral reserves, which were estimated at 10 million tons of granite stone. Based on these estimates, the cost depletion was \$.08 per ton. In April of the current year, Sam received a letter from the State Department of Highways notifying him that part of his property was being condemned so that state could build a new road. At that time, the recoverable mineral reserves had an adjusted basis of \$600,000 and 7.5 million tons of granite rock. Sam estimates that the land being condemned contains about 2 million tons of granite. Therefore, for the current year, Sam has computed his cost depletion at \$:11 per ton [\$600,000/(7,500,000 – 2,000,000)]. Evaluate the appropriateness of what Sam is doing. View Solution:
Sam Jones owns a granite stone quarry When he acquired

## using budget data how many apple iphone 4 s would have to have been completed 239121

Using budget data, how many Apple iPhone 4’s would have to have been completed for Danshui Plant No. 2 to break even? 2. Using budget data, what was the total expected cost per unit if all manufacturing and shipping overhead (both variable and fixed) were allocated to...

## armstrong helmet company 239138

Armstrong Helmet Company manufactures a unique model of bicycle helmet Question Case project Learning Objectives: Prepare practical applications of course concepts Develop analytical and critical thinking Develop decision-making capabilities Enhance professional...