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Dechter Company Acquired a Mine for $1,800,000 Which Has an Estimated

Question 218

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Dechter Company acquired a mine for $1,800,000 which has an estimated residual value of $300,000 and contains an estimated 1,500,000 tons of coal.If 230,000 tons of coal are mined and sold during the first year,the entry to record the depletion charge is:


A)
Dechter Company acquired a mine for $1,800,000 which has an estimated residual value of $300,000 and contains an estimated 1,500,000 tons of coal.If 230,000 tons of coal are mined and sold during the first year,the entry to record the depletion charge is: A) B) C) D)
B)
Dechter Company acquired a mine for $1,800,000 which has an estimated residual value of $300,000 and contains an estimated 1,500,000 tons of coal.If 230,000 tons of coal are mined and sold during the first year,the entry to record the depletion charge is: A) B) C) D)
C)
Dechter Company acquired a mine for $1,800,000 which has an estimated residual value of $300,000 and contains an estimated 1,500,000 tons of coal.If 230,000 tons of coal are mined and sold during the first year,the entry to record the depletion charge is: A) B) C) D)
D)
Dechter Company acquired a mine for $1,800,000 which has an estimated residual value of $300,000 and contains an estimated 1,500,000 tons of coal.If 230,000 tons of coal are mined and sold during the first year,the entry to record the depletion charge is: A) B) C) D)

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