Assignment #8 - Chapters 9,10,11-due 041920220116 Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate complu Help 2 Copper Explorations recently acquired the rights to mine a new site Equipment and a truck were purchased to begimning operations at the site. Details of the mining assets follow 10 DOITUS Est Asset Mineral rights Equipment Truck Date of Purchase Mar. 1/20 Mar. 1/20 Mar. 1/20 Cost Residual $ 69,000 50 256,600 107,400 est life 4 yrs 4 yrs yrs Copper's year-end is December 31 and it uses the straight-line method for all mining assets including intangibles Required: 1. Record amortization and depreciation at December 31, 2020, on the mining assets, including the mineral rights Answer is complete and correct. Debih General Journal Crede No Date 14 375 1 Dec 31 2020 Amortization expense, mineralright Accumulated amortization mineralright 1375 53.500 2 Dec 31, 2020 Depreciation expense equipment con consemnat boende Assignment 8 Chapters 91011-due 04192022011 Help Check my work mode: This shows what is correct or incorrect for the work you have completed so far, it does not indicate completion 2 2. Assume the mine was dosed on October 2 2023, and the assets were scrapped Record the of the assets 30 soms No 1 Date Oct 31, 2023 Answer is not complete Geramal Accumulated into a Low on disposal 10 00 2 Oct 31, 2023 Accumulated depreciation equipment Los on disposal 0 0.0 Oct 31.2023 22175 Accumulated deprecation vack Loss on disposal