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Colorado Mining paid $559,000 to acquire a mine with 43.000 tons of coal reserves. The following statements model reflects Co

Reg A Reg B1 Reg B2 Compute the depletion expense for years 1 and 2 in a financial statements. Depletion Expense Year 1 Year

Reg A Reg B1 Reg B2 Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial st

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Cost of Mine Total Coal Reserves (a) (b) $ 5,59,000 43000 tons Solution A) Depletion charge per unit (a/b) $ 13 per ton Solut

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