Calculate the depletion rate per ton

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Reference no: EM132321970

Question

Sans company purchased mining rights for $500,000 they expect to harvest 1,000,000 tons of ore over the next five years during the current year, sands mines 350,000 tons of ore. Calculate:

A) Depletion rate per ton

B) Depletion expense for current year

Reference no: EM132321970

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