For $42,950,000, Wesco Developers purchased land which their experts believe to contain 28.5 million tons of copper ore. It cost $12,423,000 to develop the property, whose residual value is estimated as $5,985,000. Determine the current year depletion expense (in $) if annual production amounted to 4,847,000 tons. Round depletion cost per unit to the nearest cent.
For $42,950,000, Wesco Developers purchased land which their experts believe to contain 28.5 million tons of copper ore. It cost $12,423,000 to develop the property, whose residual value is estimated as $5,985,000. Determine the current year depletion expense (in $) if annual production amounted to 4,847,000 tons. Round depletion cost per unit to the nearest cent.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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For $42,950,000, Wesco Developers purchased land which their experts believe to contain 28.5 million tons of copper ore. It cost $12,423,000 to develop the property, whose residual value is estimated as $5,985,000.
Determine the current year depletion expense (in $) if annual production amounted to 4,847,000 tons. Round depletion cost per unit to the nearest cent.
i have to resumbit this question due to the fact was unable to read the answer cause it was not even readable
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