A coal mine was purchased a cost of P102,154,536,610B (1B is 1E9) and the estimated amount of coal that can be mined is 64,324,798M tonnes (1 tonne = 1000 kg). If the extraction rate per month is 446,521 tonnes. What is the depletion cost after the 7th year in pesos? Answer round off to two decimal places
A coal mine was purchased a cost of P102,154,536,610B (1B is 1E9) and the estimated amount of coal that can be mined is 64,324,798M tonnes (1 tonne = 1000 kg). If the extraction rate per month is 446,521 tonnes. What is the depletion cost after the 7th year in pesos? Answer round off to two decimal places
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
Problem 1PS
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