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ABC mining company acquired mineral right for 500,000,000. The mineral deposit is estimated at 300,000,000 tons. During the current year 35,500,000 tons were minded and

ABC mining company acquired mineral right for 500,000,000. The mineral deposit is estimated at 300,000,000 tons. During the current year 35,500,000 tons were minded and sold.

a. Determine the depletion rate

b. Determine the amount of depletion

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ABC mining company acquired mineral right for 500,000,000. The mineral deposit is estimated at 300,000,000 tons. During the current year 35,500,000 tons were minded and

ABC mining company acquired mineral right for 500,000,000. The mineral deposit is estimated at 300,000,000 tons. During the current year 35,500,000 tons were minded and sold. a. Determine the depletion rate b. Determine the amount of depletion

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ABC mining company acquired mineral right for 500,000,000. The mineral deposit is estimated at 300,000,000 tons. During the current year 35,500,000 tons were minded and sold.

a. Determine the depletion rate

b. Determine the amount of depletion