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Check my work 00 71,000 cubic yards were extracted. During January 2021, the company spent another $9,000 for additional developmental work that increased the estimated
Check my work 00 71,000 cubic yards were extracted. During January 2021, the company spent another $9,000 for additional developmental work that increased the estimated productive capacity of the mineral deposit. Required: 1. Compute the acquisition cost of the deposit in 2020. 9.09 points Acquisition cost 2. Compute depletion for 2020. (Do not round intermediate calculations.) Depletion 3. Compute the net book value of the deposit after payment of the January 2021 developmental costs. (Do not round intermediate calculations.) Net book value M Check my work 00 71,000 cubic yards were extracted. During January 2021, the company spent another $9,000 for additional developmental work that increased the estimated productive capacity of the mineral deposit. Required: 1. Compute the acquisition cost of the deposit in 2020. 9.09 points Acquisition cost 2. Compute depletion for 2020. (Do not round intermediate calculations.) Depletion 3. Compute the net book value of the deposit after payment of the January 2021 developmental costs. (Do not round intermediate calculations.) Net book value M
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