7. Ch.11/13 Determine the depletion charges using the percentage depletion methods for the first year ONLY for a coel mine. The rate fer the percentage depletion method is 12 Cost to acquire mine right is $ Sao00. Estimated mine sire is 10,000 tons. Selling price S90/ton, Sold amount2,200 tons; Operating cost for 1 year$100,000
7. Ch.11/13 Determine the depletion charges using the percentage depletion methods for the first year ONLY for a coel mine. The rate fer the percentage depletion method is 12 Cost to acquire mine right is $ Sao00. Estimated mine sire is 10,000 tons. Selling price S90/ton, Sold amount2,200 tons; Operating cost for 1 year$100,000
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter18: Accounting For Long-term Assets
Section: Chapter Questions
Problem 6CE
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