asked 151k views
3 votes
A coal company invests $12 million in a mine estimated to have 20 million tons of coal and no salvage value. it is expected that the mine will be in operation for 5 years. in the first year, 1,000,000 tons of coal are extracted and sold. what is the depletion expense for the first year?

1 Answer

2 votes
2 percent is the depletion
answered
User Isabela
by
8.4k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories