The credit portion of the adjustment for the depletion of a coal mine was credited to the coal mines account. what would this error cause?

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asked Apr 5, 2018 222k views

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John Cardozo · Answer 1 · 2018-04-12T03:05:03+0000

Depletion is used as a deduction from the gross income

So if we're wrong in putting the depletion data, it will be very likely that the income statement for the following period would be overstated

The credit portion of the adjustment for the depletion of a coal mine was credited to the coal mines account. what would this error cause?

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