What was the depletion charge per ton


XYZ Co. purchased a mine for $600,000 and incurred a cost of $80,000 to prepare for the extraction of ore. The mine's estimated value is $40,000 after the ore has been extracted. If the original estimated amount of ore that can be extracted from the mine was 32,000 tons,what was the depletion charge per ton ?

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Accounting Basics: What was the depletion charge per ton
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