ALT-DEPLETION AND AMORTIZATION TOTAL SCORE 0710 There are problems in this set Choose a number between 1 and 5: DATE DEBIT GENERAL JOURNAL 1/1/17 CREDNT GRADE 0 1 Date Transaction 1/1/17 Marzano Corporation issued 1,000,000 shares of $1.00 par common stock for $1.00 persa 2 3 4/1/17 4 5 : 0 4/1/17 Martano purchased a patent from another company. The cost was $48.000 paid in cat. The patent has an estimated life of 10 years with no salvage value 5 ? S/5/17 5/5/17 Marzano purchaud an iron mine, paying cath of 5400,000 The mines expected to produce 100.000 tons of iron ore 9 12/31/17 O 10 11 12 13 14 12/11/17 : Record straight line amortization on the Patent for 2017(partial year) 12/31/17 Adjecord depletion on the Iron Mine for 2017 bused on extraction of 10,000 tons of iron or 0 12/31/17 . 15 16 + 17 18 19 20 DET CREDIT TRIAL BALANCE CASH INON MINE ACCUM DEPLATONRON MINE PATENT COMMON STOCK PATENT AMORTIZATION EXPENSE DEPLETON EXPENSE 0 0