A coal mine cost $1,002,000. It is estimated to hold 56,000 tons of coal. There is no residual value during the first year of operations 8000 tons are extracted and soul calculate depletion expense for the first year. A) $200,400 B) $143,120 C) $150,300 D) $100,200

A coal mine cost $1,002,000. It is estimated to hold 56,000 tons of coal. There is no residual value during the first year of operations 8000 tons are extracted and soul calculate depletion expense for the first year. A) $200,400 B) $143,120 C) $150,300 D) $100,200

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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