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I dont know how its possible to get 2nd right while 1st is wrong, please help Brief Exercise 7-38 (Algorithmic) Natural Resources and Depletion Luper
I dont know how its possible to get 2nd right while 1st is wrong, please help
Brief Exercise 7-38 (Algorithmic) Natural Resources and Depletion Luper Company acquired a tract of land which contained iron deposits for $3,279,800. Luper spent $173,000 to access the iron ore. Luper estimates that 2,000,000 tons of ore will be extracted. The estimated value of the land after the ore is extracted is $132,800. During the current year, Luper extract 150,000 tons of iron ore Required: Compute the cost of the natural resource and the amount of depletion taken during the year. Cost of the natural resource 1.66X Amount of depletiorn 249,000 Feedback
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