Franceour mining co purchased for 7125000 a mine that is


Question - Franceour Mining Co. purchased for $7,125,000 a mine that is estimated to have 37,500,000 tons of ore and no salvage value. In the first year, 6,570,000 tons of ore are extracted.

Calculate depletion cost per unit.

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Accounting Basics: Franceour mining co purchased for 7125000 a mine that is
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