Acquired mineral rights for 127 500 000. The mineral deposit is estimated at 425 000 000 tons. It is estimated that there are 2 500 000 tons of the resource and during the current year 500 000 tons were mined and sold. The company has the right to acquire 100 equity in the mining rights in return for. The mineral deposit is estimated at 425 000 000 tons.
Determine the amount of depletion expense for the current year. Is a canadian mineral exploration company focused solely on gold. What is the rate of depletion. What is the rate of depletion. Determine the amount of depletion expense for the current year.
Depletion entries alaska mining co. During the current year 2 090 000 tons were mined and sold. The mineral deposit is estimated at 19 000 000 tons. The mineral deposit is estimated at 21 800 000 tons. Determine the amount of depletion expense for the current year.
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Acquired mineral rights for 67 500 000. It is estimated that there are 2 500 000 tons of the resource and during the current year 500 000 tons were mined and sold. Acquired mineral rights for 38 150 000. Accounting q a library depletion entries backwoods mining co. During the current year 4 000 000 tons were mined and sold.Acquired mineral rights for 53 200 000. The mineral deposit is estimated at 30 000 000 tons. Acquired mineral rights for 100 000 000. What is the rate of depletion. Journalize the adjusting entry on december 31 to recognize the.
Acquired mineral rights for 100 000 000. Determine the depletion rate. During the current year 2 500 000 tons were mined and sold. Determine the amount of depletion expense for the current year. Determine the amount of depletion expense for the current year.
Acquired mineral rights for 127 500 000. It is estimated that there are 2 500 000 tons and during the current year 500 000 tons were mined and sold. Acquired mineral rights for 100 000 000. During the current year 42 000 000 tons were mined and sold. Determine the depletion rate.
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50 per ton b. 50 per ton b. Acquired mineral rights for 127 500 000. Acquired mineral rights for 100 000 000. Acquired mineral rights for 53 200 000.Determine the depletion rate. Acquired mineral rights for 67 500 000. Depletion entries alaska mining co. Determine the amount of depletion expense for the current year. Acquired mineral rights for 127 500 000.
