A coal mine was purchased a cost of $97,243,062,829B (1B is 1E9) and the estimated amount of coal that can be mined is 63,379,972M tonnes (1 tonne = 1000 kg). If the extraction rate per month is 499,492 tonnes. What is the depletion cost after the 5th year?

A coal mine was purchased a cost of $97,243,062,829B (1B is 1E9) and the estimated amount of coal that can be mined is 63,379,972M tonnes (1 tonne = 1000 kg). If the extraction rate per month is 499,492 tonnes. What is the depletion cost after the 5th year?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter11: Depreciation, Depletion, Impairment, And Disposal

Section: Chapter Questions

Problem 4RE: Utica Machinery Company purchases an asset for 1,200,000. After the machine has been used for 25,000...

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