Novak corp purchased for 5829200 a mine that is estimated


Question - Novak Corp. purchased for $5,829,200 a mine that is estimated to have 44,840,000 tons of ore and no salvage value. In the first year, 7,080,000 tons of ore are extracted.

Calculate depletion cost per unit.

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Accounting Basics: Novak corp purchased for 5829200 a mine that is estimated
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