3) sans company purchased mining rights for $500,000 they expect to harvest 1,000,000 tons of ore over the next five years during the current year, sands mines 350,000 tons of ore.Calculate:

A) Depletion rate per ton

B) Depletion expense for current

year

.. . 3. MC.09-101 Sands Company purchased mining rights for $500,000. They expect to harvest 1 million tons of ore over the next five years. During the current year, Sands mined 350,000 tons of ore. The entry to record the depletion would include CalCULATE : @ DEPLETION RATE PER TON? . b)_ DEPLETION EXPENSE FOR CURRENT YEAR