A natural resource deposit is estimated to contain 600,000 units. An immovable tangible equipment with...
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Accounting
A natural resource deposit is estimated to contain 600,000 units. An immovable tangible equipment with useful life of 12 years used in the extracting site costs P10,800,000. Journal entry to record the depreciation for the first year assuming 40,000 units are expected to be extracted every year
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