Question
Depletion Down Deep Mining Co. acquired minerals rights for $94,500.00. The mineral deposit is estimated at 70,000,000 tons. During the current year, 18,900,000 tons were
Depletion
Down Deep Mining Co. acquired minerals rights for $94,500.00. The mineral deposit is estimated at 70,000,000 tons. During the current year, 18,900,000 tons were mined and sold.
a, Determine the amount of depletion expense for the current year?
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Connect For Payroll Accounting 2020
Authors: Jeanette Landin
6th Edition
1260943895, 9781260943894
