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Bering Rock acquires a granite quarry at a cost of $590,000, which is estimated to...

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Accounting

Bering Rock acquires a granite quarry at a cost of $590,000, which is estimated to contain 200,000 tons of granite and is expected to take 6 years to remove. What journal entry would be needed to record the expense for the first year assuming 38,000 tons were removed

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