What is the amount of depletion


A company purchased land for its natural resources at a cost of $1,570,000. It expects to mine 2,175,000 tons of ore from this land.The residual value of the land is estimated to be $355,000. What is the amount of depletion per ton of ore?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What is the amount of depletion
Reference No:- TGS0675935

Expected delivery within 24 Hours