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What is the amount of depletion per ton

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Question - Bramble Corp. acquires a coal mine at a cost of $1730000. Intangible development costs total $361000. After extraction has occurred, Bramble must restore the property (estimated fair value of the obligation is $181000), after which it can be sold for $214000. Bramble estimates that 6000 tons of coal can be extracted. What is the amount of depletion per ton?

Reference no: EM132909437

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