A coal mine was acquired at a cost of $1,500,000 and estimated to contain 6,000,000 tons of
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A coal mine was acquired at a cost of $1,500,000 and estimated to contain 6,000,000 tons of ore. During the year 102,000 tons were mined and sold Prepare the journal entry for the year s depletion expense. If an amount box does not require an entry leave it blank.
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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