Stuck on this question for Financial Accounting regarding Joint Ventures.
When calculating total cash contribution, Eg. Initial contribution ADD additional contribution less cash costs of production = Balance...
For cash costs of production, are we supposed to add P&E? or just the wages & salaries, material and supplies, admin etc?
Also if it says the economically recoverable reserves will be depleted over a period of 10 years... Should the depreciation expense for non-current assets be the FV at reporting date divided by 10 x the periods incurred?
When calculating total cash contribution, Eg. Initial contribution ADD additional contribution less cash costs of production = Balance...
For cash costs of production, are we supposed to add P&E? or just the wages & salaries, material and supplies, admin etc?
Also if it says the economically recoverable reserves will be depleted over a period of 10 years... Should the depreciation expense for non-current assets be the FV at reporting date divided by 10 x the periods incurred?