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On July 1 , 2 0 2 4 , Tamarisk Exploration invests $ 1 . 2 6 million in a mine that is estimated to
On July Tamarisk Exploration invests $ million in a mine that is estimated to have tonnes of ore. The company
estimates that the property will be sold for $ when production at the mine has ended. During the last six months of
tonnes of ore are mined and sold. Tamarisk has a December fiscal year end.
b
Record the depletion. Credit account titles are automatically indented when the amount is entered. Do not indent
manually. If no entry is required, select No Entry" for the account titles and enter for the amounts. List debit entry
before credit entry. Round depletable amount per tonne to decimal places, eg and final answers to decimal
places, eg
Date Account Titles
Debit
Credit
Dec. Inventory
Accumulated Depletion Resource
eTextbook and Media
List of Accounts
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