Wakanda for use in the fabrication of passenger pods

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Reference no: EM132258709

Four years ago, Hyperloop Transportation Technologies paid $5 billion for rights to remove vibranium from Wakanda for use in the fabrication of passenger pods. The yearly amounts removed in grams are 275,000; 250,000; 320,000; and 425,000. Vibranium prices per gram over the 4 years have averaged $9,400, $9,550, $9,785, and $10,000 annually. Use percentage depletion to compute the annual depletion amount based on a 22% allowance.

Reference no: EM132258709

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