Required a it was estimated that 1800000 total cubic

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Required: A. It was estimated that 1,800,000 total cubic yards would be extracted from the mineral deposit economically. During 2009, 120,000 cubic yards were extracted. Compute depletion for 2009 and prepare the journal entry to record the depletion (12 points). B. Calculate depreciation expense for the truck for 2009-2012 using double declining balance approach (14 points). C. The company sold the truck on December 31, 2012 for $5,000 cash. Record the journal entry for the transaction (8 points).
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