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Hello, plz i need a soultion in 2 minutes A coal company invests 16 million in a .3 mine estimated to have 20 million tons
Hello, plz i need a soultion in 2 minutes
A coal company invests 16 million in a .3 mine estimated to have 20 million tons of coal and no residual value. It is expected that the mine will be in operation for 5 years. In the first year, 1,000,000 tons of coal are extracted and sold. What is the * ?depletion expense for the first year 2) (2 ) A company purchased factory equipment .5 for 350,000. It is estimated that the equipment will have a 35,000 residual value at the end of its estimated 5-year useful life. If the company uses the double- declining-balance method of depreciation, the amount of annual depreciation recorded for the second year after * purchase would be ) (2 )
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