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2) Determine the depletion charges using the percentage depletion method for the first year only for a granite' mine. Cost to acquire mine rights -

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2) Determine the depletion charges using the percentage depletion method for the first year only for a "granite' mine. Cost to acquire mine rights - $55,000: Estimated mine size - 32,500 Tons: Selling price - $97 per Ton Amount sold in year 1 - 2,770 Tons Operating cost in year 1 - $105,000 BIVA-AI E311xx, EE - 22 V * 12pt Paragraph

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