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Whispering Winds Corp, purchased for $12,385,000 amine that is estimated to have 49,540,000 tons of ore and no salvage value. In the first year, 8,180,000
Whispering Winds Corp, purchased for $12,385,000 amine that is estimated to have 49,540,000 tons of ore and no salvage value. In the first year, 8,180,000 tons of ore are extracted. (a1) Your answer has been saved, Seescore details after the doe date. Calculate depletion cost per unit. (Round onswer to 2 decimal ploces, es. 0.50.) Depletioncost per unit perton Attempts: 1 of 1 used (a2) Your answer has been saved, See score details after the due date. Prepare the journal entry to record depletion for the first year. (Credit account tities are dutomatically indented when amount is entered. Do not indent manualiy. If no entry is required, select "No Entry" for the account titles and enter O for the amounts). Prepare the journa entry to record depletion for the first year. (Credit occount tities are automatically indented when amount is entered. Do not indent manuiali). If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts) Attempts: 1 of 1 use (b) Show how this mine is reported on the balance sheet at the end of the first year
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