Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 10 Apr 2018 My Price 2.00

mining property

A company purchased mining property containing 7,500,000 tons or ore for 1,950,500. In 2012 it mined and sold 865,000 tons of ore and in 2013 it mined 950,000 tons of ore. Calculate and record the depletion expense for 2012 and 2013. What was the book value of the property at the end of 2013?

Answers

Maurice Tutor
(5)
Status NEW Posted 10 Apr 2018 07:04 PM My Price 2.00

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