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Zvinskis Mining Company paid $200,000 for the rights to mine lead in Southeast Missouri. The cost to drill and erect a mine shaft was $2.100.000.

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Zvinskis Mining Company paid $200,000 for the rights to mine lead in Southeast Missouri. The cost to drill and erect a mine shaft was $2.100.000. It is estimated that the present value of the cost to restore the site to a suitable condition upon completion of the mining operation is $300.000. The mine is expected to yield 2.000.000 tons of ore during the 6 years it is expected to be operating The mine started operations on April 30, 2021. In 2021. 300,000 units were sold Required Compute the amount of depletion on the wine to be expened in 2021

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