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Installation can be difficult for service technicians when they have to work in such settings. 5. youll be able to identify the appropriate entrance for equipment delivery and prepare an alternative if the delivery areas you have are too small. 17. crowbars, a welding machine, slings,
#0183;#32;Proper machine installation is critical in maximizing reliability and minimizing life cycle costs. Conversely, improper installation is a chronic source of downtime, poor product quality, reduced capacity and high operating costs. While installation requirements vary depending on the type of machine and its function, there are basic best
On July 23 of the current year, Dakota Mining Co. pays 4,715,000 for land estimated to contain 5,125,000 tons of recoverable ore. It installs machinery costing 410,000 that has a 10year life and no salvage value and is capable of mining the ore deposit in eight years. The machinery is paid for on July 25 seven days before mining operations begin.
Justin Mining Co: Prepare entries to record land, machinery . Justin Mining Co: Prepare entries to record land, machinery, depletion, depreciation. b. to record the cost and installation of machinery #187; More detailed On July 23 of the current year, Serena Mining Co. pays . Serena Mining Co. pays 4,140,000 for land estimated to contain 5,175,000 tons of recoverable ore.
Mining Cost Service continues to be a useful reference on a wide range of topics for early stage mine planning through to fill the gaps on more detailed studies. Mining Cost Service provides an independent source for information on equipment, quantities and cost for a significant number of mining methods and range of production rates.
On 1st October, 2016, the machine purchased on 1st April, 2014 was sold for 1,43,000 and on the same date, a new machine was purchased ata cost of 2,00,000. Solution: Question 5. From the following transactions of a concern, prepare the Machinery Account for
Our Equipment Cost Guide is the most reliable source of equipment costs available to the mining industry. Estimators now have access to a convenient source of hourly operating costs as well as capital costs for virtually every piece of equipment listed in our previous guides.
#0183;#32;How to prepare journal entries for this problem?!? On July 23 of the current year, Justin Mining Company pays 4,836,000 for land estimated to contain 3,900,000 tons of recoverable ore. It installs machinery costing 390,000 that has a 10year life and no salvage value and is capable of mining the ore deposit in eight years. The machinery is paid for on July 25, seven days before mining
Justin Mining Co: Prepare entries to record land, machinery . Justin Mining Co: Prepare entries to record land, machinery, depletion, depreciation. b. to record the cost and installation of machinery #187; More detailed On July 23 of the current year, Serena Mining Co. pays . Serena Mining Co. pays 4,140,000 for land estimated to contain 5,175,000 tons of recoverable ore.
1 Answer to Show transcribed image text On July 23 of the current year, Dakota Mining Co. pays 4,715,000 for land estimated to contain 5,125,000 tons of recoverable ore. It installs machinery costing 410,000 that has a 10year life and no salvage value and is capable of mining
Peter H. Woods, in Uranium for Nuclear Power, 2016. Trends and alternatives. Advancements in mining machinery have meant deeper and deeper open pits have been viable over the last century. Small open pits dug by hand are known historically. The optimum size of mining, rock, and ore hauling equipment is largely determined by the required rates of mining, the length of mine life, and the
On July 23 of the current year, Dakota Mining Co. pays 8,394,480 for land estimated to contain 9,432,000 tons of recoverable ore. It installs machinery costing 1,414,800 that has a 10year life and no salvage value and is capable of mining the ore deposit in eight years.
To calculate hourly maintenance and repair costs, I first determined that the machine would have cost about 80,000 new and have an expected life of 10,000 hours. Since it is a tracktype machine, I used 100 percent of new value, which yields an estimated average maintenance and repair cost of
On July 23 of the current year, Dakota Mining Co. pays 8,539,920 for land estimated to contain 9,816,000 tons of recoverable ore. It installs machinery costing 981,600 that has a 10year life and no salvage value and is capable of mining the ore deposit in eight years.
Prepare entries to record the following (a) The purchase of the land. (b) The cost and installation of machinery. (c) The first five months depletion assuming the land has a net salvage value of zero after the ore is mined. (d) The first five months depreciation on the machinery.
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