Business, 23.01.2020 06:31 agm9801

Whispering corporation acquires a coal mine at a cost of $444,000. intangible development costs total $111,000. after extraction has occurred, whispering must restore the property (estimated fair value of the obligation is $88,800), after which it can be sold for $177,600. whispering estimates that 4,440 tons of coal can be extracted. if 839 tons are extracted the first year, prepare the journal entry to record depletion.

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Whispering corporation acquires a coal mine at a cost of $444,000. intangible development costs tota...

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