36)

 

Column 1

Column 2

Column 3

Column 4

Land

 

 

 

 

 

37)

 

Column 1

Column 2

Column 3

Column 4

Merchandise Inventory

 

 

 

 

38) On January 1, 201X, Mayberry Company bought a patent for $50,000. Its estimated useful life is five years. Record the amortization for the first two years.

39) If a coal deposit has 700,000 tons available and was purchased for $1,750,000, record the removal of 50,000 tons in year 1 and 70,000 tons in year 2.

 

 



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