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Calculate the amount of depletion per ton

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Question - Coronado Industries acquires a coal mine at a cost of $1840000. Intangible development costs total $368000. After extraction has occurred, Coronado must restore the property (estimated fair value of the obligation is $177000), after which it can be sold for $204000. Coronado estimates that 6000 tons of coal can be extracted. How to calculate the amount of depletion per ton?

Reference no: EM132521757

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