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Show how this mine is reported on the balance sheet at the end of the first year. Wildhorse Co. Balance Sheet (Partial) $ $ (a
Show how this mine is reported on the balance sheet at the end of the first year. Wildhorse Co. Balance Sheet (Partial) $ $ (a 1) Your answer is correct. Calculate depletion cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depletion cost per unit $ 0.17 per ton e Textbook and Media List of Accounts Attempts: 1 of 3 used (a2) Your answer is partially correct. Prepare the journal entry to record depletion for the first year. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Depreciation Expense 2303500 Accumulated Depreciation Buildings 2303500
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