Sands Company Purchased Mining Rights for $500,000

question 112

Multiple Choice

Sands Company purchased mining rights for $500,000. It expects to harvest 1 million tons of ore over the next five years. During the current year, Sands mined 350,000 tons of ore. The entry to record the depletion would include a

• A) debit to Depletion Expense for $175,000
• B) credit to Depletion Expense for $350,000
• C) debit to Accumulated Depletion for $175,000
• D) credit to Accumulated Depletion for $350,000

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Definitions:

Restraint-Free Environment

A care setting that avoids the use of physical restraints or restrictive interventions, promoting freedom of movement and respect for patient autonomy.

Provides Constant Activity

Refers to any process or measure that ensures continuous engagement or action, maintaining a state of perpetual motion or operation.

Four Side Rails

A safety feature used on hospital beds involving rails on all four sides to prevent the patient from accidentally falling out of bed.

Falls

Accidental descents to the ground, which can cause injury, especially significant in older adults due to higher vulnerability.