Question 24 Not yet answered Points out of 1.00 At the beginning of the year, NRD Company purchased the rights to a natural resource for $1190000. The estimated recoverable units from the natural resource amount to 320000 units. During the year, NRD sold 32000 units of the natural resource for $10 per unit and incurred operating costs other than depletion of $5 per unit. Based on these facts: Compute NRD's depletion deduction using the cost depletion method. [For your answer, please use whole number (no need to round) and ignore the dollar sign and the comma.] P Flag question Answer: Question 25 Not yet answered Points out of 1.00 At the beginning of the year, NRD Company purchased the rights to a natural resource for $1030000. The estimated recoverable units from the natural resource amount to 390000 units. During the year, NRD sold 39000 units of the natural resource for $10 per unit and incurred operating costs other than depletion of $5 per unit. Based on these facts: Flag question Compute NRD's depletion deduction using the percentage method, assume a 15 percent specified depletion percentage. [For your answer, please use whole number and ignore the dollar sign and the comma.] Answer: Question 26 Not yet answered Points out of 1.00 At the beginning of the year, NRD Company purchased the rights to a natural resource for $10,000,000. The estimated recoverable units from the natural resource amount to 3,500,000 units. During the year, NRD sold 1,000,000 units of the natural resource for $10 per unit and incurred operating costs other than depletion of $5 per unit. Assume a 15 percent specified depletion percentage for this natural resource. Which depletion deduction, cost or percentage, will give NRD the maximum tax benefit this year? Flag question Select one: O a. The cost depletion method O b. The percentage depletion method