A relatively small privately-owned gravel-mining company has the sales results summarizedbelow. Determine the annual percentage depletion for the limestone mine in year 3. Assume thecompany's taxable income is $165,000 each year.Taxable income:$165,000(2) Spot SalesPrice, $/TonYeara) $82,500b) $40,372c) $26,303d) $16,841(1)Sales,Tons1 343002 501003 719009.8210.511.23Gross Income = (1) * (2)$$7$336,826526,050807,437

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A relatively small privately-owned gravel-mining company has the sales results summarize below. Determine the annual percentage depletion for the limestone mine in year 3. Assum company's taxable income is $165,000 each year. $165,000 (2) Spot Sales Price, $/Ton Taxable income: Year (1) Sales, Tons 1 34300 2 50100 3 71900 9.82 10.5 11.23 Gross Income (1) * (2) $ $ $ 336,826 526,050 807,437

A relatively small privately-owned gravel-mining company has the sales results summarize below. Determine the annual percentage depletion for the limestone mine in year 3. Assum company's taxable income is $165,000 each year. $165,000 (2) Spot Sales Price, $/Ton Taxable income: Year (1) Sales, Tons 1 34300 2 50100 3 71900 9.82 10.5 11.23 Gross Income (1) * (2) $ $ $ 336,826 526,050 807,437

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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