On July 1, 2022, Blue Spruce Corp. invested $689,920 in a mine estimated to have 784,000 tons of ore of uniform grade. During the last 6 months of 2022, 121,000 tons of ore were mined. (a1) Calculate depletion cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depletion cost per unit 2$
On July 1, 2022, Blue Spruce Corp. invested $689,920 in a mine estimated to have 784,000 tons of ore of uniform grade. During the last 6 months of 2022, 121,000 tons of ore were mined. (a1) Calculate depletion cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depletion cost per unit 2$
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter9: Long-term Assets: Fixed And Intangible
Section: Chapter Questions
Problem 9.12EX
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