7. Ch.11/13 Determine the depletion charges using the percentage depletion methods for the first year ONLY for a coel mine. The rate fer the percentage depletion method is 12 Cost to acquire mine right is $ Sao00. Estimated mine sire is 10,000 tons. Selling price S90/ton, Sold amount2,200 tons; Operating cost for 1 year$100,000
7. Ch.11/13 Determine the depletion charges using the percentage depletion methods for the first year ONLY for a coel mine. The rate fer the percentage depletion method is 12 Cost to acquire mine right is $ Sao00. Estimated mine sire is 10,000 tons. Selling price S90/ton, Sold amount2,200 tons; Operating cost for 1 year$100,000
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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![7. Ch11/13 Determine the depletion charges using the percentage depletion methods for the first year ONLY for a coal mine. The rate for the percentage depletion method is 12%
Cost to acquire mine right is $ 50,000, Estimated mine sire is 10,000 tens.
Selling price $90/ton, Sold amount = 2,200 tons;
Operating cost for 1 year $100,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1d0fdcc1-789f-487a-b9a6-3cd22fdf1b3e%2F796bf653-d236-4241-95aa-24ea47c50120%2F72uu5gk_processed.jpeg&w=3840&q=75)
Transcribed Image Text:7. Ch11/13 Determine the depletion charges using the percentage depletion methods for the first year ONLY for a coal mine. The rate for the percentage depletion method is 12%
Cost to acquire mine right is $ 50,000, Estimated mine sire is 10,000 tens.
Selling price $90/ton, Sold amount = 2,200 tons;
Operating cost for 1 year $100,000
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