! Required information For the last 10 years, Am-Mex Coal has used the cost depletion factor of $2,500 per 100 tons to write off the investment of $39 million in its Pennsylvania anthracite coal mine. Depletion thus far totals $24.8 million. A new study to appraise mine reserves indicates that no more than 930,000 tons of salable coal remains. The estimated gross income is expected to be $8.9 million on a production level of 72,000 tons. NOTE: This is a multi-part question. Once an answer is submitted, you will be unable to return to this part. Determine next year's depletion amount. The percentage depletion allowance is 10%. (Enter your answer in dollars and not in millions.) The next year's depletion amount is $ 1099354.84 ! Required information For the last 10 years, Am-Mex Coal has used the cost depletion factor of $2,500 per 100 tons to write off the investment of $39 million in its Pennsylvania anthracite coal mine. Depletion thus far totals $24.8 million. A new study to appraise mine reserves indicates that no more than 930,000 tons of salable coal remains. The estimated gross income is expected to be $8.9 million on a production level of 72,000 tons. NOTE: This is a multi-part question. Once an answer is submitted, you will be unable to return to this part. Determine next year's depletion amount. The percentage depletion allowance is 10%. (Enter your answer in dollars and not in millions.) The next year's depletion amount is $ 1099354.84