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Today, 05:55

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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  1. Today, 06:02
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    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
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