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abs GaDAaBbcc. I Normal 1 No Spaci... Heading 1 Heading 2 Title Subtitle M Paragraph Styles Manila acquired a tract of land containing an extractable natural resource for P10,000,000. Geological surveys estimate that the recoverable reserves will be 2,000,000 tons and that the land will have a residual value of P1,000,000. IfMLA maintains no inventories of extracted material) i.e., materials are sold as they are extracted), what should be the per ton charge of extracted material for depletion? a. P4.00 P4.60 do o P4.50 5.10 During 2015, Boston Corporation acquired a mineral mine for P1,500,000 of which P200,000 was ascribed to land value after the mineral has been removed. Geological surveys have indicated that 10 million units of the mineral could be extracted. During 2015, 2,000,000 units were extracted and 1,600,000 units were sold. What is the amount of depletion expensed for 2015? a 300,000 b 208, 000 C. 240,000 d. 260,000