Bedford Ridge Development purchased a 5,000-acre tract of forested land in southern Georgia. The tract contained about
Question:
Required:
1. Compute the depletion per tree.
2. Prepare the journal entry to record the harvesting of the trees for 2011.
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Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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