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Business, 30.06.2019 02:50 KF16

Last year, mountain top, inc., purchased a coal mine at a cost of $900,000. the salvage value has been estimated at $100,000. the coal mine has an estimated 200,000 tons of available coal. a total of 70,000 tons were mined and sold during the current year. complete the necessary journal entry to record depletion expense for the current year by selecting the account names and dollar amounts from the drop-down menus.

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