Question
A company purchased land for its natural resources at a cost of $1,550,000. It expects to mine 2,125,000 tons of ore from this land. The
| A company purchased land for its natural resources at a cost of $1,550,000. It expects to mine 2,125,000 tons of ore from this land. The residual value of the land is estimated to be $325,000. What is the amount of depletion per ton of ore? |
$0.576
$0.729
$0.882
$1.133
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Cost Accounting Principles And Applications
Authors: Horace R. Brock, Linda Herrington
6th Edition
0028034287, 978-0028034287
