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What is the term applied to writing off the cost for minerals removed from a mine to an expense account?
Wiki User
∙ 12y ago
depeletion?
Wiki User
∙ 12y ago
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When to remove bad debt expense?
The bad debt expense is generally removed at the end of the financial year, as it may classify as a deductible item when reporting tax at the end of the financial year.
How do you have a 'forgiven' tax lien removed from your credit report?
The only way to have an account removed from your credit report is: 1. To prove the account was a result of fraud. Or 2. To let the account run the course which is 7 yrs. from the date it was PAID.
Can you get out of a joint checking account?
Yes. If you want to get out of a joint account, you can contact the bank and submit a written request to be removed as a joint holder of that account. The other parties involved in the joint account have to approve your removal from the account, only then the bank will complete the formalities.
What do you do if your name has been removed from a joint checking account without your consent?
Depends on what type of an account it was set up as. If you were a signer on an account, then most certainly the owner of the account can remove you. Same as applies to accounts set up under a trust. if it was a joint with right of surviorship, most institutions prefer to just close the account and reopen the account under the requestor. even if there is a divorce decree. or "death certifacte" Either way, if you were removed from the account without your consent, you should call your financial institution right away.
What is drawings in accounting?
it's the cash removed by the owner of the business from the account of the business for his personal usee
The process of transferring the cost of metal ores and other minerals removed from the earth to an expense account is called what?
depletion
The process of transferring the cost of metal ores and other minerals removed from the earth to an expense account is called?
Amortization
Is a depreciation expense account a permanent or temporary account?
Yes it is. Permanent accounts are balance sheet accounts which do not close at the end of the accounting year, as opposed to income statement account balances which are removed an added to retained earnings. Another words income statement accounts are measured for a certain period of time whereas balance sheet accounts carry on to the following years.
What is the journal entry of telephone bill?
To record the telephone bill, the journal entry would be: Debit Telephone Expense (income statement account) for the amount of the bill, and Credit Accounts Payable (balance sheet liability account) for the same amount if the bill is to be paid later, or Credit Cash (balance sheet asset account) if the bill is paid immediately.
How are the minerals removed from the Earth?
fat men
Can paint be removed by painters tape?
Not if it is applied correctly, and removed in a timely fashion.
Is protein content removed in demineralized whey?
No. The product is demineralized which removes minerals and proteins are not minerals.
What is removed when ionization energy is applied?
an electron
Why is distilled water unhealthy?
It has had all the trace minerals removed.
How can you have your former husband's name removed from a line of credit that is linked to your personal checking account so he is not responsible for liablilty or credit reference?
A joint account holder cannot be removed from the account, the account will have to be closed.
Name two methods by which rocks and minerals are removed from the ground?
metamorphic
Are minerals considered real property?
Minerals in the ground are treated as real property, but, after removed from the land, they become personal property.
