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Yellowknife Mining provides the following information about their diamond mine. Capitalized cost $ 1 2 , 0 0 0 , 0 0 0 ; no
Yellowknife Mining provides the following information about their diamond mine.
Capitalized cost $; no residual value
Expected output units
Production for the year units
Sales for the year units
No beginning inventory
Prior to recording depletion expense for the year, a discovery was made that production was actually units for the year. Sales amounts did not change. The effect this would have on the current years depletion calculation would be
Select answer from the options below
the depletion rate per unit would increase.
the depletion rate per unit would decrease.
the amount of depletion expense left in inventory would not change.
the depletion rate per unit would not change.
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