part b

Monty Mining Co. purchased for $10,630,400 a mine that is estimated to have 48,320,000 tons of ore and no salvage value. In the first year, 6,440,000 tons of ore are extracted. (a1) Calculate depletion cost per unit. (Round answer to 2 decimal places, eg. 0.50) Depletion cost per unit perton eTextbook and Media List of Accounts. Show how this mine is reported on the balance sheet at the end of the first year