The December 31, 2019 balance sheet of Frost Company showed the following balances:
Truck		90,000
Accumulated depreciation: truck		38,000

On January 1, 2020, after a slight mishap, the company revises the estimates on this truck.
Revised remaining useful life		2	years
Revised salvage value		1,000
INSTRUCTIONS: Compute the revised annual depreciation expense for this equipment.

On October 1, 2019, Beaufort Mining Inc. purchased a new mine.
	Cost of the mine	640,000
	Estimated tons of ore in this mine	500,000	tons
	Ore mined and sold during 2017	80,000	tons
	INSTRUCTIONS: Prepare the journal entry to record depletion expense for 2019
	GENERAL JOURNAL
Date	Account Title		DEBIT	CREDIT