Maurice Tutor

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$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 22 Nov 2017 My Price 8.00

Copper & Gold Inc.,

Freeport-McMoRan Copper & Gold Inc., headquartered in Phoenix, Arizona, is one of the world’s largest copper, gold, and molybdenum mining and production companies, with its principal asset in natural resource reserves (approximately 102.0 billion pounds of copper, 40.0 million ounces of gold, 2.48 billion pounds of molybdenum, 266.6 million ounces of silver, and 0.7 billion pounds of cobalt, as of the end of 2008). Its annual revenues exceed $17.7 billion.
Assume that in February 2012, Freeport-McMoRan paid $700,000 for a mineral deposit in Indonesia. During March, it spent $74,000 in preparing the deposit for exploitation. It was estimated that 900,000 total cubic yards could be extracted economically. During 2012, 60,000 cubic yards were extracted. During January 2013, the company spent another $6,000 for additional developmental work that increased the estimated productive capacity of the mineral deposit.
Required:
1. Compute the acquisition cost of the deposit in 2012.
2. Compute depletion for 2012.
3. Compute the net book value of the deposit after payment of the January 2013 developmental costs.

Answers

Maurice Tutor
(5)
Status NEW Posted 22 Nov 2017 01:11 PM My Price 8.00

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