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Business, 02.07.2020 20:01 LeahAshe123
A company purchased a tract of land for its natural resources at a cost of $1,500,000. It expects to mine 2,000,000 tons of ore from this land. The salvage value of the land is expected to be $250,000. If 150,000 tons of ore are mined during the first year, the journal entry to record the depletion is:
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A company purchased a tract of land for its natural resources at a cost of $1,500,000. It expects to...
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