If a Mining Company Extracts 1,500,000 Tons in a Period

question 275

Multiple Choice

If a mining company extracts 1,500,000 tons in a period but only sells 1,200,000 tons,

• A) total depletion on the mine is based on the 1,200,000 tons.
• B) depletion expense is recognized on the 1,500,000 tons extracted.
• C) depletion expense is recognized on the 1,200,000 tons extracted and sold.
• D) a separate accumulated depletion account is set up to record depletion on the 300,000 tons extracted but not sold.

---

Definitions:

Career-related Issues

Concerns or challenges that individuals may encounter in their professional lives, including job satisfaction, career development, and work-life balance.

Activities

Tasks or actions that are undertaken, often for a specific purpose or outcome.

Values

Core beliefs or standards that guide and motivate attitudes and actions in individuals and groups.

Needs

Needs refer to the essential requirements or necessities that individuals or groups must have met in order to achieve well-being or to fulfill certain goals.