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Unformatted text preview: and then sells 100,000 ounces of gold during the year, depletion expense equals $5,000,000. Calculating Units-of-Activity Depletion One way to record depletion expense of $5,000,000 is to debit depletion expense for $5,000,000 and credit accumulated depletionmine for $5,000,000...
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- Fall '10