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Current Attempt in Progress On January 1, 2017, Oriole Company purchased a new machine for $4220000. The new machine has an estimated useful life of
Current Attempt in Progress On January 1, 2017, Oriole Company purchased a new machine for $4220000. The new machine has an estimated useful life of nine years and the salvage value was estimated to be $152000. Depreciation was computed using the sum-of-the-years.digits method. What amount should be shown in Oriole's balance sheet at December 31, 2018, net of accumulated depreciation, for this machine? Question 4 View Policies Current Attempt in Progress During 2017, Coronado Industries acquired a mineral mine for $4300000 of which $0000 was ascribed to land value after the mineral has been removed. Geolocal surveys have indicated that 10 million units of the mineral could extracted During 2017. 1500000 units were extracted and 1210000 units were sold. What is the amount of depletion expened for 2017
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