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Find how much depletion expense associated with ruby mine

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Problem 1: In January 2024, miners broke through a previously undiscovered vein. The mine is expected a total of 7000 carats (excluding the 1000 carats mined in 2023), and this expected output is used as the total expected output for future depletion going forth. 1800 carats were produced in 2024. How much depletion expense associated with this ruby mine should Mine Co. recognize in 2024?

Reference no: EM132762113

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Find how much depletion expense associated with ruby mine : 1800 carats were produced in 2024. How much depletion expense associated with this ruby mine should Mine Co. recognize in 2024?
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