a bauxite mine was acquired at a cost of 1500000


A bauxite mine was acquired at a cost of $1,500,000 and estimated to contain 6,000,000 tons of ore. During the year, 95,000 tons were mined and sold. Prepare the journal entry for the year's depletion expense.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: a bauxite mine was acquired at a cost of 1500000
Reference No:- TGS0422758

Expected delivery within 24 Hours