Skyline Mine, Inc

question 121

Multiple Choice

Skyline Mine, Inc., acquired a mineral deposit for $12,000,000 in 2010. Geologists estimate the deposit contains 2,000,000 tons of ore. During 2010 and 2011, Skyline Mine, Inc. removed 610,000 tons and 480,000 tons of ore, respectively. The balance in the Accumulated Depletion account for the mineral deposit on December 31, 2011, will be:

• A)$2,880,000.
• B)$5,490,000.
• C)$6,540,000.
• D)unknown; the balance cannot be determined without knowing the residual value of the resource.

---

Definitions:

Injured on the Job

Pertains to an employee suffering physical or mental harm or illness as a direct result of their work or work environment.

Bona Fide Occupational Qualification

An employment qualification that is reasonably necessary for the normal operation of a particular business or enterprise, and can justify discrimination based on characteristics like religion, nationality, or gender in certain circumstances.

Discriminate

To treat someone or something differently or unjustly, often based on characteristics like race, age, gender, etc., rather than individual merit.

Hiring

The action of starting a legal relationship between an employer and employee where the employee performs work under certain conditions in exchange for remuneration.