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the alternative methods. during the year. Engineers estimate that 50,000 tons of iron ore are rec the property. Given the following information, complete DEF's deplet

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the alternative methods. during the year. Engineers estimate that 50,000 tons of iron ore are rec the property. Given the following information, complete DEF's deplet and undepleted cost basis for each year. 9-45 Depletion. DEF Company produces iron ore. It purchased a property for Sie recoverable f ion Taxable Income before Depletion Year Units Sold (tons) Gross Income $300,000 400,000 250,000 $124,000 15,000 20,000 10,000 50,000 90,000 the alternative methods. during the year. Engineers estimate that 50,000 tons of iron ore are rec the property. Given the following information, complete DEF's deplet and undepleted cost basis for each year. 9-45 Depletion. DEF Company produces iron ore. It purchased a property for Sie recoverable f ion Taxable Income before Depletion Year Units Sold (tons) Gross Income $300,000 400,000 250,000 $124,000 15,000 20,000 10,000 50,000 90,000

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