For the last 10 years, Am-Mex Coal has used the cost depletion factor...
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For the last years, AmMex Coal has used the cost depletion factor of $ per tons to write off the investment of $ million in its Pennsylvania anthracite coal mine. Depletion thus far totals $ million. A new study to appraise mine reserves indicates that no more than tons of salable coal remains. If estimated gross income is expected to be $ million on a production level of tons, determine next years a cost and b percentage depletion amounts. The percentage depletion allowance is
For the last years, AmMex Coal has used the cost depletion
factor of $ per tons to write off the investment of $ million
in its Pennsylvania anthracite coal mine. Depletion thus far totals $
million. A new study to appraise mine reserves indicates that no more
than tons of salable coal remains. If estimated gross income is
expected to be $ million on a production level of tons,
determine next years a cost and b percentage depletion amounts.
The percentage depletion allowance is
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