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A company purchased a mine for $ 2 , 0 5 9 , 6 8 0 containing an estimated 7 , 3 5 6 ,

A company purchased a mine for $2,059,680 containing an estimated 7,356,000 tons of ore. When mining is complete, the property will have zero salvage value. In Year 1, it mined and sold 858,500 tons of ore.SComplete this question by entering your answers in the tabs below.Required 1Required 2Prepare the journal entry to record depletion.View transaction listJournal entry worksheet

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