Homework Answers
Total Cost = 448000+112000 = 560000
Depletion per ton = (560000-179200)/4480 = 85 per ton
Depletion first year = 784*85 = 66640
| Account titles and explanation | Debit | Credit |
| Depletion expense | 66640 | |
| Accumulated depletion | 66640 |
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