A coal mine was purchased a cost of $97,243,062,829B (1B is 1E9) and the estimated amount of coal that can be mined is 63,379,972M tonnes (1 tonne = 1000 kg). If the extraction rate per month is 499,492 tonnes. What is the depletion cost after the 5th year?

A coal mine was purchased a cost of $97,243,062,829B (1B is 1E9) and the estimated amount of coal that can be mined is 63,379,972M tonnes (1 tonne = 1000 kg). If the extraction rate per month is 499,492 tonnes. What is the depletion cost after the 5th year?

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter7: Fixed Assets, Natural Resources, And Intangible Assets

Section: Chapter Questions

Problem 4SEQ

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