Colorado Mining paid $506,000 to acquire a mine with 46,000 tons of coal reserves. The financial statements model shown on the last tab reflects Colorado Mining financial condition just prior to purchasing the coal reserves. The company extracted 24,150 tons of coal in year 1 and 20,700 tons in year 2.

Required 0. Compute the depletion charge per unit. b-1. Compute the depletion expense for years 1 and 2 in a financial statements. b-2. Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model. Complete this question by entering your answers in the tabs below. Reg A Req B1 Req B2 Compute the depletion charge per unit. Depletion charge per unit per ton RROA Req B1 > Sod Colorado Mining paid $506,000 to acquire a mine with 46,000 tons of coal reserves. The financial statements model shown on the last tab reflects Colorado Mining's financial condition just prior to purchasing the coal reserves. The company extracted 24350 tons of coal in year 1 and 20700 tons in year 2 Required . Compute the depletion charge per unit -1. Compute the depletion expense for years 1 and 2 in a financial statements. -2Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model Complete this question by entering your answers in the tabs below. Reg 22 Compute the depletion expense for years 1 and 2 in a financial statements. Depletion Espense Saved b-2. Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model. Help SI Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model. (In the Cash Flow column, use or to designate operating activity, IA for investment activity, or FA for financing activity. If the element is not affected by the event, leave the cell blank. Enter any decreases to accoun balances and cash outflows with a minus sign. Round final answers to the nearest whole dollar amount. Not all cells will require entry) ces Show less COLORADO MINING Horizontal Statements Model Balance Sheet Income Statement Assets + Liabilities + Stockholders' Equity Common Retained Stock Earnings Revenue Statement of Cash Flows Net Income Expenses Coal Cash + Reserves Acquisition of coal reserves 733,600+ 733,600 + Depletion for Year 1 + Depletion for Year 2 +