I'm guessing its a combination of two goods that can be produced using limited resources in order for a economy to be efficient they must be able to decide on the products and services they can produce with their limited resources.
Productivity, hope this helps:)
Answer and Explanation:
the journal entry is given below:
Depletion Expense $1,358,500
To Accumulated Depletion $1,358,500.
(Being depletion expense is recorded)
Here the depletion expense is debited as it increased the expense and credited the accumulated depreciation as it decreased the assets
Working note
Depletion expense is
= ($5,900,000 + $600,000) ÷ $2,000,000 × 418,000
= $1,358,500
Answer and Explanation:
The answer is attached below
