L u can.com/hm.Ipx?todo=c15Single PrintView&singleQuestionNo=7&postSubmission View=13252711850792556&wid=13252712293772675&role. 123Movies Watch. GoStream 123mov. Live NBA Streaming Maintenance Conn. Connect - Sign in The GOAT. Let'sga. * Award: 12.50 points Exercise 6-18 Computing and recording depletion expense LO 6-8 Colorado Mining paid 5000,000 to acquire a mine with 50,000 tons of coal reserves. The following statements model reflects Colorado Mining's financial condition just prior to purchasin the coal reserves. The company extracted 26,250 tons of coal in year 1 and 22,500 tons in year 2 Required a. Compute the depletion charge per unit b-1. Compute the depletion expense for years 1 and in a financial statements. b-2. Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model. The first event is recorded as an example Complete this question by entering your answers in the tabs below. ReqA Reg 81 Reg 2 Compute the depletion charge per unit. Doplotion charge por unit porton Reg 1 > AVO PHILIPS 123Movies Watch.. GoStream | 123mov Live NBA Streaming Maintenance Conn. 1001 d -1362/12293772675&role The GOAT. Let's gra w Connect - Sign in ward: 12.50 points Exercise 6-18 Computing and recording depletion expense LO 6-8 Colorado Mining paid $600,000 to acquire a mine with 50,000 tons of coal reserves. The following statements model reflects Colorado Mining's finance condition just prior to purchasing the coal reserves. The company extracted 26,250 tons of coal in year 1 and 22,500 tons in year 2 Required a. Compute the depletion charge per unit b-1. Compute the depletion expense for years 1 and 2 in a financial statements b-2. Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model. The first event is recorded as an example Complete this question by entering your answers in the tabs below. Reg A Reg 1 Req B2 Compute the depletion exlanse for years 1 and 2 in a financial statements. Depletion Expense Year 1 Year 2 Reg 2 > RegA 93 e PHILIPS JULUM onView=13252711850792556&wid=13252712293772675&role U Steam | 123mov... Live NBA Streaming Maintenance Conn. Connect - Sign In The GOAT. Let's gra... Required a. Compute the depletion charge per unit. b-1. Compute the depletion expense for years 1 and 2 in a financial statements. b-2. Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model. The first event is recorded as an example. Complete this question by entering your answers in the tabs below. Reg A Req 81 Reg B2 Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model. The first event is recorded as an example the Cash Flow column, use OA to designate operating activity, IA for investment activity, or FA for financing activity. If the element is not affected by the event, lear cell blank. Enter any decreases to account balances and cash outflows with a minus sign. Round final answers to the nearest whole dollar amount.) Show les COLORADO MINING Statements Model Balance Sheet Income Statement Assets Coal Statement of Cash Flows Cash Liabilities Revenue - Expenses con - Reserves Stockholders' Equity Common Retained Stock Earnings 783,300 783,300 + Doplotion for Year 1 Doplotion for You 2 PHILIPS
