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i need help as soon as possible!!!! thann you Question 11 7 pts On January 1, 20X1, Pabelico Company purchased a uranium mine for $261,000.
i need help as soon as possible!!!! thann you
Question 11 7 pts On January 1, 20X1, Pabelico Company purchased a uranium mine for $261,000. The mine will have a salvage value of $19,800 when all of the uranium is removed. As of January 1, 20X1, it was expected that the mine contained 27,800 grams of uranium. 1,600 grams of uranium was removed during 20X1. On January 5, 20X2, Pabelico Company spent $20,800 to make some mine improvements. The salvage value is still expected to be $19,800 at the end of the life of the mine. It is also estimated that the total amount of uranium left in the mine is not impacted by the improvements, so with 1,600 grams of uranium removed during 20X1, there are 26,200 grams remaining as of the beginning of 20X2. During 20X2, Pabelico Company removed 800 grams of uranium from the mine. What is the amount of Depletion Expense for 20X2? O $7,576 O $6,941 O $7,546 O $8,000 Il on.examity.com0|| 14 LH E SOLCH. TALKStep by Step Solution
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