Req A and B Reqc Determine the amount of depletion expense that would be recognized...
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Req A and B Reqc Determine the amount of depletion expense that would be recognized on the 2018 income statement for each of the two reserves, assuming 14,000 tons of silver were mined, and 500,000 board feet of lumber were cut. Also determine the amount of depletion expense that would be recognized on the 2019 income statement for each of the four reserves, assuming 20,000 tons of silver are mined, 300,000 board feet of lumber are cut, 4,000 toms on gold ore is mined, and 50,000 barrels of oil are extracted. Show less Depletion Expense - 2018 Silver Mine Timber Depletion Expense - 2019 Silver Mine Timber Req A and B Reqc Determine the amount of depletion expense that would be recognized on the 2018 income statement for each of the two reserves, assuming 14,000 tons of silver were mined, and 500,000 board feet of lumber were cut. Also determine the amount of depletion expense that would be recognized on the 2019 income statement for each of the four reserves, assuming 20,000 tons of silver are mined, 300,000 board feet of lumber are cut, 4,000 toms on gold ore is mined, and 50,000 barrels of oil are extracted. Show less Depletion Expense - 2018 Silver Mine Timber Depletion Expense - 2019 Silver Mine Timber
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