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Depletion Solution
Depletion Solution
Depletion Solution
Solutions:
Retained Earnings 1,500,000
Add: Accumulated Depletion 2,500,000
Total 4,000,000
Less: Capital liquidated 1,800,000
Unrealized depletion in ending inventory
(5,000 units x P20 per unit) 100,000 1,900,000
Maximum dividend 2,100,000