Underestimating the number of tons of a mineral that can be mined over a mineral deposit’s life will result in:?

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Dashing Car Repair Shop started the year with total assets of $60,000 and total ...
Posted by:
Mohammed Asim Nehal
16-July-2015

a. overstated net income each year.

b. overstated total assets each year.

c. overstated depletion expense each year..

d. no effect on total assets each year.

Project Finance Accounting Cash Flow Forecasting Financial Systems Feasibility Studies

Question ajoutée par Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies
Date de publication: 2015/07/07

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par Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Yes, Option C is the right answer.

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par Shazia Anees , Assistant Manager Finance , Arham Trading Company

C. overstated depletion expense each year==================

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lakshminarasimham mallareddi

par lakshminarasimham mallareddi , Manager Finance & Accounts , M/s. Vandana Global Limited, Raipur, Chhattisgarh

Correct answer is c. overstated depletion expense each year.

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par Zehab Osman , Accountant , Aldar Consultancy Co.

C--------------------------------------

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