Solved: The first year of operations in the area yielded 110000, Accounting Basics

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The first year of operations in the area yielded 110000

Question - C Coal Company purchased the coal rights in an area for $4,050,000. They estimated that the area contained 9,000,000 tons of coal. The first year of operations in the area yielded 110,000 tons of coal. What is the depletion cost per ton of coal?

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Accounting Basics: The first year of operations in the area yielded 110000

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