Gimli Miners recently purchased the rights to a diamond mine. It is estimated that there are one million tons of ore within the mine. Gimli paid $23,100,000 for the rights and expects to harvest the ore over the next ten years. The following is the expected extraction for the next five years. Year 1: 50,000 tons Year 2: 90,000 tons Year 3: 100,000 tons Year 4: 110,000 tons Year 5: 130,000 tons Calculate the depletion expense for the next five years, and create the journal entry for year one. Please show your work to receive full credit. 

Which ONE of the following will be amortized?  

What is the effect on heart rate when a person is submerged in water that is at 99 degrees Fahrenheit?

  Name 3 outcome tests presented in class that may be used to measure balance.

Company A purchased Company B, and recorded goodwill as an intangible asset on the balance sheet. A few months later Company A realized that it overpaid for Company B by $2million.  What is this condition called, and what must company A do now that it knows it overpaid?   Do not prepare a journal entry.     

Land improvements can be depreciated.  

Calculate the amount of interest that the following note will earn (for the life of the note). $1,000 Face 7% interest Term: 90 days

Which of the following assets require the strongest of internal controls?  

The template strand of a DNA molecule includes the sequence 3′ A T T C G 5′. The complementary DNA strand would be . If this section of the DNA was used to make RNA, the sequence of the mRNA would be . During DNA or RNA synthesis, the growing strand is elongated as phosphodiester bonds are formed between nucleotides. During DNA synthesis, this is carried out by , but during RNA synthesis, it is carried out by .

Suppose that a reaction in which a chemical bond is broken has ΔG of – 5.2 kcal/mol. Forming another bond has ΔG of + 3.3 kcal/mol. Could these two reactions be coupled so the energy released by one reaction is used to drive the other?