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Problem: Module 2 Textbook Problem 18 Learning Objective: 2-15 Show how expense recognition for natural resources (depletion) affects financial statements Colorado Mining paid $660,000 to acquire a mine with 44,000 tons of coal reserves. The financial statements model shown on the last tab reflects Colorado Mining's financial condition just prior to purchasing the coal reserves. The company extracted 23,100 tons of coal in year 1 and 19,800 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. Complete this question by entering your answers in the tabs below. Compute the depletion charge per unit. Problem: Module 2 Textbook Problem 18 Learning Objective: 2-15 Show how expense recognition for natural resources (depletion) affects financial statements Colorado Mining paid $660,000 to acquire a mine with 44,000 tons of coal reserves. The financial statements model shown on the last tab reflects Colorado Mining's financial condition just prior to purchasing the coal reservos. The company extracted 23,100 tons of coal in yeer 1 and 19.800 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 cool reserves and the depletion expense for years 1 and 2 in a financial statements modet. Complete this question by entering your answers in the tabs below. balances and cash outfows with a minus sign. Round final enswers to the nearest whole dotlar amount Net all celis will requite entry? Problem: Module 2 Textbosk Problem 18 Learning Objective: 215 Show how expense recognition for natural resources (depletion) affects financial statements Colorado Mining paid $660,000 to acquire a mine with 44,000 tons of coal reserves. The financial statements model shown on the last tab reflects Colorado Mining's financial condition just prior to purchasing the coal reserves. The company extracted 23,100 tons of coal in year 1 and 19,800 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. Complete this question by entering your answers in the tabs below. Compute the depletion expense for years 1 and 2 in a financial statements

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