What is the cost depletion for the mine in the last year

Reference no: EM131971919

Problem

Roll'n'Stone has operated a gravel mine for the last year.

It extracted 60,000 tons during the last year. The mine is estimated to contain a total of 2.5 million tons of gravel. The land initially cost $3.2 million.

What is the cost depletion for the mine in the last year?

Reference no: EM131971919

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