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Home Q & A Board Other Fields Homework Help Business Accounting
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stfajar stfajar
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5 years ago
A coal mine cost $1,000,000 and is estimated to hold 52,000 tons of coal. There is no residual value. During the first year of operations, 11,000 tons are extracted and sold. Calculate depletion expense for the first year. (Round any intermediate calculations to the nearest cent.)
A) $100,000
B) $150,000
C) $200,000
D) $211,530
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
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Lourd J.Lourd J.
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5 years ago
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stfajar Author
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#2
5 years ago
Tremendous help, I just double-checked it with my friend Smiling Face with Open Mouth
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