What is the depletion allowance for years

Reference no: EM13198931

American Pulp Corp (APC) has entered into a contract to harvest timber for $450,000. The total estimated available harvest is 150 million board-feet. What is the depletion allowance for years 1 to 3, if 42,45, and 35 million board-feet are harvested by APC in those years?

Reference no: EM13198931

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