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FULL SCREEN PRINTER VERSION NE Briel Exercise 10-11 at-b Blue Spruce Mining Co. purchased for $7,318,400 a mine that is estimated to have 45,740,000 tons

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FULL SCREEN PRINTER VERSION NE Briel Exercise 10-11 at-b Blue Spruce Mining Co. purchased for $7,318,400 a mine that is estimated to have 45,740,000 tons of ore and no salvage value. In the first year, 7.050,000 tons of ore are extracted. Calculate depletion cost per unit. (Round answer to 2 decimal places, eg, 0.50.) Depletion cost per unit per ton Prepare the journal entry to record depletion for the first year. (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 for the amounts.) Account Titles and Explanation Credit Debit Prepare the journal entry to record depletion for the first year. (Credit account titles are automatically indented whe amount tored. Do not indentimally. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account titles and Explanation Debit Credit Show how this mine is reported on the balance sheet at the end of the first year Blue Spruce Mining Co. Balance Sheet (Partial) Click t you would like to show Work for this question: Work

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