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Colorado Mining paid $644,000 to acquire a mine with 46,000 tons of coal reserves. The following statements model reflects Colorado Mining's financial condition just prior

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Colorado Mining paid $644,000 to acquire a mine with 46,000 tons of coal reserves. The following statements model reflects Colorado Mining's 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 a. Compute the depletion charge per unit b-1. Compute the depletion expense for years 1 and 2 in a financial statements 15 points Peint b-2. Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model. The first event is recorded as an example Complete this question by entering your answers in the tabs below Req A Req 81 Req 82 the d per ton. Prey 110f 12EE Next

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