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Montana Mining Company pays 54,2,19,440 for an ore deposit cortainging $462,000 tons. The company instalis imachinery in the mine costing $235,600 Both the ore and
Montana Mining Company pays 54,2,19,440 for an ore deposit cortainging $462,000 tons. The company instalis imachinery in the mine costing $235,600 Both the ore and machinery will have no savis ge value affer the ore if completely mined. Montana mines and celle 172.000 tons of ore during the year machinery depreciation strouid be in propartion to the mines deplesipn Record the year-end adjusting entry for the depletion expense of ore mine. Note: Enter debats befote credits
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