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Exercise 10-11 a1-a2 (Video) On July 1, 2020, Novak Inc. invested $824,180 in a mine estimated to have 841,000 tons of ore of uniform grade.

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Exercise 10-11 a1-a2 (Video) On July 1, 2020, Novak Inc. invested $824,180 in a mine estimated to have 841,000 tons of ore of uniform grade. During the last 6 months of 2020, 139,000 tons of ore were mined Calculate depletion cost per unit. (Round answer to 2 decimal places, e.g. 0.50) Depletion cost per unit LINK TO TEXT VIDEO: SIMILAR EXERCISE Prepare the journal entry to record depletion. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 3 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT VIDEO: SIMILAR EXERCISE

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