Solution-What was the depletion expense

What was the depletion expense

Reference no: EM133071042

Question - ABC Company acquired the natural resource for $ 4,000,000. The estimated recoverable units from the natural resource at that time of purchase were 400,000 units. Assumed 40,000 units of the natural resource. What was the depletion rate per unit? What was the depletion expense for 2017?

Reference no: EM133071042

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What was the depletion expense

Reference no: EM133071042

Reference no: EM133071042

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