Question: Old MathJax webview Old MathJax webview Javed 6 QS 8-11 Natural resources and depletion LO P3 12.5 points Perez Company acquires an ore mine at

Old MathJax webview

Old MathJax webview Old MathJax webview Javed 6 QS 8-11 Natural resources

and depletion LO P3 12.5 points Perez Company acquires an ore mine

at a cost of $3,080,000. It incurs additional costs of $862,400 to

access the mine, which is estimated to hold 2,200,000 tons of ore.

Javed 6 QS 8-11 Natural resources and depletion LO P3 12.5 points Perez Company acquires an ore mine at a cost of $3,080,000. It incurs additional costs of $862,400 to access the mine, which is estimated to hold 2,200,000 tons of ore. 240,000 tons of ore are mined and sold the first year. The estimated value of the land after the ore is removed is $440,000. Calculate the depletion expense from the information given. 02:34:31 1. & 2. Prepare the entry to record the cost of the ore mine and year-end adjusting entry. Complete this question by entering your answers in the tabs below. eBook Depletion Expense General Journal Hint Calculate the depletion expense from the information given. (Round "Depletion per unit" to 3 decimal places.) Print Cost Salvage Amount subject to depletion References Total units of capacity Depletion per unit Units extracted and sold in period Depletion expense General Journal > 6 QS 8-11 Natural resources and depletion LO P3 12.5 points Perez Company acquires an ore mine at a cost of $3,080,000. It incurs additional costs of $862,400 to access the mine, which is estimated to hold 2,200,000 tons of ore. 240,000 tons of ore are mined and sold the first year. The estimated value of the land after the ore is removed is $440,000. Calculate the depletion expense from the information given. 02:33:46 1. & 2. Prepare the entry to record the cost of the ore mine and year-end adjusting entry. Complete this question by entering your answers in the tabs below. eBook Depletion Expense General Journal 900 Hint Calculate the depletion expense from the information given. (R (Round "Depletion per unit" to 3 decimal places.) Print Cost References Salvage Amount subject to depletion Total units of capacity Depletion per unit Units extracted and sold in period Depletion expense General Journal > Bupation 6 QS 8-11 Natural resources and depletion LO P3 Perez Company acquires an ore mine at a cost of $3,080,000. It incurs additional costs of $862,400 to access the mine, which is estimated to hold 2,200,000 tons of ore. 240,000 tons of ore are mined and sold the first year. The estimated value of the land after the ore is removed is $440,000. Calculate the depletion expense from the information given. 12.5 points 1. & 2. Prepare the entry to record the cost of the ore mine and year-end adjusting entry. S 02:33:02 Complete this question by entering your answers in the tabs below. eBook Depletion Expense General Journal Prepare the entry to record the cost of the ore mine and year-end adjusting entry. Hint View transaction list Print Journal entry worksheet References Record the cost of the ore mine in cash. Note: Enter debits before credits. Transaction General Journal Credit Debit 1 Record entry Clear entry View general Journal 6 QS 8-11 Natural resources and depletion LO P3 Perez Company acquires an ore mine at a cost of $3,080,000. It incurs additional costs of $862,400 to access the mine, which is estimated to hold 2,200,000 tons of ore. 240,000 tons of ore are mined and sold the first year. The estimated value of the land after the ore is removed is $440,000. Calculate the depletion expense from the information given. 12.5 points 1. & 2. Prepare the entry to record the cost of the ore mine and year-end adjusting entry. 02:31:07 Complete this question by entering your answers in the tabs below. eBook Depletion Expense General Journal Prepare the entry to record the cost of the ore mine and year-end adjusting entry. Hint View transaction list Print Journal entry worksheet o References

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