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At the bebinning ot 2023. Tvanhoe Compams a small private company, sequired a mine for $2.270,000,08 this amonit, 5150,000 was allocated to the land value
At the bebinning ot 2023. Tvanhoe Compams a small private company, sequired a mine for $2.270,000,08 this amonit, 5150,000 was allocated to the land value and the remvinine portion to the minerals in the mine. Survers conducted by geolodsts fouraf that appecodmately 18 millon units of ore appear to be in the mine. Wanhoe had $180,000 of developreent cosis for this mine before anef extraction of mineraly It abo deternined that the fair value of its obligation to prepare the lard for an alternative use when all of the minerak hove been remaved was $40.000. During 2023,3.3 inallon units of ore were eatracted and 2.50 mililion ct these units were sold. (a) Calculate the depletion cost per unit for 2023. (Round anwer to 3 decimal ploces, es, 0.120.) Depletion cost per unit List of Accounts Atempts: 0 ot 3 used (b) The parts of this question must be completed in order. This part will be avallable when you complete the part above
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