Prepare the journal entry to record depletion expense


On July 1, 2010, Hurtig Inc. invested $720,000 in a mine estimated to have 800,000 tons of ore of uniform grade. During the last 6 months of 2010, 100,000 tons of ore were mined and sold. Prepare the journal entry to record depletion expense.

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Accounting Basics: Prepare the journal entry to record depletion expense
Reference No:- TGS089924

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