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On July 1, 2017, Windsor Exploration Inc. invests $1.40 million in a mine that is estimated to have 870,000 tonnes of ore. The company estimates

On July 1, 2017, Windsor Exploration Inc. invests $1.40 million in a mine that is estimated to have 870,000 tonnes of ore. The company estimates that the property will be sold for $99,500 when production at the mine has ended. During the last six months of 2017, 90,000 tonnes of ore are mined and sold. Windsor has a December 31 fiscal year end. Record the 2017 depletion

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