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Business, 18.05.2021 18:40, sierravick123owr441
Solare Company acquired mineral rights for $682,200,000. The diamond deposit is estimated at 37,900,000 tons. During the current year, 3,440,000 tons were mined and sold. a. Determine the depletion rate. $fill in the blank 8b76ed03a04eff1_1 per ton b. Determine the amount of depletion expense for the current year. $fill in the blank 8b76ed03a04eff1_2 c. Journalize the adjusting entry to recognize the depletion expense. If an amount box does not require an entry, leave it blank.
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Solare Company acquired mineral rights for $682,200,000. The diamond deposit is estimated at 37,900,...
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