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A company purchased an aluminum mine at a cost of $90,000,000 with a zero salvage value. The aluminum mine has 100,000 tons of aluminum, which
A company purchased an aluminum mine at a cost of $90,000,000 with a zero salvage value. The aluminum mine has 100,000 tons of aluminum, which is mined over 2 years. The dashboard shows the tons of aluminum mined and sold over these 2 years. Answer is not complete. Enter answers for each of the following tabs. Prepare the company's journal entry to record the purchase of the aluminum mine. A company purchased an aluminum mine at a cost of $90,000,000 with a zero salvage value. The aluminum mine has 100,000 tons of aluminum, which is mined over 2 years. The dashboard shows the tons of aluminum mined and sold over these 2 years. Answer is not complete. Enter answers for each of the following tabs. Compute the depletion cost per ton of aluminum. A company purchased an aluminum mine at a cost of $90,000,000 with a zero salvage value. The aluminum mine has 100,000 tons of aluminum, which is mined over 2 years. The dashboard shows the tons of aluminum mined and sold over these 2 years. Answer is not complete. Enter answers for each of the following tabs. A company purchased an aluminum mine at a cost of $90,000,000 with a zero salvage value. The aluminum mine has 100,000 tons of aluminum, which is mined over 2 years. The dashboard shows the tons of aluminum mined and sold over these 2 years. Mined Aluminum (tons) Sold Aluminum (tons) Answer is not complete. Enter answers for each of the following tabs. Prepare the company's asset section of the balance sheet at the end of Year 1 after depletion and any inventory is recorded
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