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.

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Accounting Basics: a bauxite mine was acquired at a cost of 1500000
Reference No:- TGS0411354

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