Estimated output =20 tons annually Time to exhaust property days= 15 days Selling price of mine = 10/ton Cost of operation of mine = 7.53/ton Mgt cost (not included) = 5,000/year Rate of investment in the charge for depletion= 8% Sinking fund interest = 2.5%

Determine the value of the Mine after 15 years

(DEPLETION)

Php 340,952 40 Php 593,453 35 Php 326,951.39 Php 424.532.55 Php 340,952 40 Php 593,453 35 Php 326,951.39 Php 424.532.55