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Question 11 Not yet answered Flag question Marked out of 1.00 On 20x1, a natural...

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Accounting

Question 11 Not yet answered Flag question Marked out of 1.00 On 20x1, a natural resource property acquired for P10,000,000, was estimated to contain 1,000,000 tons of ore, with 200,000 tons estimated to be extracted each year. Heavy equipment necessary to extract the deposit is acquired at a cost of P9,000,000, with useful life of 10 years. Production for three years is as follows: 20x1 200,000 20x2 none 20x3 210,000 How much is the depreciation expense for 20x2? Answer:
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On 20x1, a natural resource property acquired for P10,000,000, was estimated to contain 1,000,000 tons of ore, with 200,000 tons estimated to be extracted each year. Heavy equipment necessary to extract the deposit is acquired at a cost of P9,000,000, with useful life of 10 years. Production for three years is as follows: How much is the depreciation expense for 202

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