On 1 April 2008,Ulladulla Mining Ltd Assessed That Its Mollymook

question 23

Multiple Choice

On 1 April 2008,Ulladulla Mining Ltd assessed that its Mollymook area of interest contained economically recoverable reserves of 50,000 ounces of gold.On the same day the entity installed the following assets: The above assets were ready for use on 1 July 2008.Ulladulla Mining Ltd expects to extract the entire reserves in 5 years.For the year ending 30 June 2009 the entity had extracted 5,000 ounces of gold.
What is the journal entry to recognise amortisation and depreciation expense of above capitalised developments costs?

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Definitions:

Conjunctions

Conjunctions are words used to connect clauses or sentences, or to coordinate words in the same clause, such as "and," "but," and "or."

Conjunctive Adverbs

Words that connect two independent clauses or sentences, providing a smooth transition by indicating comparison, contrast, sequence, or other relationships.

Punctuated Correctly

Marked with the appropriate punctuation marks to clarify meaning and indicate the intended breaks, pauses, and intonations in writing.

Conjunctions

Words that join together sentences, clauses, phrases, or words, such as "and," "but," and "or."