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H4. Blue Mountain Mining paid $636,900 for the right to extract mineral assets from a 500 000 ton deposit In addition to the purchase price,

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Blue Mountain Mining paid $636,900 for the right to extract mineral assets from a 500 000 ton deposit In addition to the purchase price, Blue also paid a 5800 filing fee, a 2.300 license fee to the state of Nevada, and 560,000 for a geological survey of the property. Because Blue purchased the rights to the minerals only and did wol purchase the land, it expects the asset to have zero residual value During the first year, Blue removed and sold 30.000 tons of the minerals Make journal entries to record(a) purchase of the minerals (debl Minerall (b) payment of fees and other costs, and (c) depletion for the first year. (Record debits first, then credis Select the explanation on the lastne of the journal entry table.) Co Begin by journalizing (a) the purchase of the minerals (debit Mineral asset) (Do not record payment for any additional costs associated with the minerals. We will do this in entryb.) Date Accounts and Explanation Debit Credit 2 -18 6.2 (sin Choose from anyone anythes and the Chen 2 ports Big Clear Check Answer LG 112 111 WA More mert land Please answer the question in full if you know how to do it! Please allign the answers how the questions are so it's not confusing for me to figure out where it goes! Will give a thumbs up if the answer is correct! If you have trouble reading any of the images please let me know so I can post another picture

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