Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on july 1, 2020, bramble inc. invested $611,250 in

On July 1, 2020, Bramble Inc. invested $611,250 in a mine estimated to have 815,000...

60.1K

Verified Solution

Question

Accounting

On July 1, 2020, Bramble Inc. invested $611,250 in a mine estimated to have 815,000 tons of ore of uniform grade. During the last 6 months of 2020, 101,000 tons of ore were mined.

Prepare the journal entry to record depletion. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

Students took four different lengths of tests. The tests consisted of either 10, 15, 20, or...

Statistics
1.2K views

In an experiment to compare two diets for fattening beef steers, nine pairs of animals were...

Biology
1.2K views

3. You are working in a temperate rainforest that has small patches of sandy soil spread...

Biology
1.2K views

Which of the following statements best explain the way in which enzymes make chemical reactions...

Physics
1.2K views

The electron in a hydrogen atom circles around the proton with a speed of 2...

Calculus
1.2K views

Convert the following to rectangular coordinates Angles are given in radians 5 pts each A...

Algebra
1.2K views

Solve the system by substitution.y = -2x - 23x + 2y = -1The solution is

Accounting
1.2K views

Selected financial information for Frank Corporation is presented below. Selected transactions for the...

Accounting
1.2K views

Tom and Suri decide to take a worldwide cruise. To do so, they need to...

Accounting
1.2K views

On January 1, 2019, Knapp Corporation acquired machinery at a cost of $1,250,000. Knapp adopted...

Accounting
1.2K views

Epley Corporation makes a product with the following standard costs: ...

Finance
1.2K views

Study the information provided below and answer the following questions. 1.1 Were there any additions...