23- Maggie Sharrer Company expects to extract 20 million tons of coal from a mine that cost $12 million. If no salvage value is expected and 2 million tons are mined and sold in the first year, the entry to record depletion will include a (a) debit to Accumulated Depletion of $2,000,000 (b) credit to Depletion Expense of $1,200,000 (c) debit to Depletion Expense of $1,200,000 (d) credit to Accumulated Depletion of $2,000,000 24- Lake Coffee Company reported net sales of $180,000, bet income of $54,000, beginning total assets of $200,000, and ending total assets of $300,000. What was the company's asset tumover? (a) 0.90. (b) 0.20 (C) 0.72 (d) 139