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Exercise 6-10: Depletion On January 1, 2020. Rezone Enterprises purchased natural resources for P12,000,000 with residual value of P1,200,000. The company expects the resources to
Exercise 6-10: Depletion On January 1, 2020. Rezone Enterprises purchased natural resources for P12,000,000 with residual value of P1,200,000. The company expects the resources to produce 1,200,000 units of product Required: 1. What is the depletion cost per unil? 2. // the company mined and sold 20,000 units in January, what is depletion expense for the month
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Intermediate Accounting
Authors: David Spiceland
11th Edition
1264134525, 9781264134526
