Determined de depletion rate

Reference no: EM13154038

Solare company acquired mineral rights for 60,000,000. The diamond deposit is estimated at 6,000,000 tons. During the current year , 2,300,000 were mined and sold..

A-determined de depletion rate.

B-determine the amount of depletion expense for the current year.

C-journalize the adjusting entry to recognize the depletion expense.

Reference no: EM13154038

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