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  3. sunland company acquired a tract of land containin

sunland company acquired a tract of land containing natural resource sunland is required by the...

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Accounting

sunland company acquired a tract of land containing natural resource sunland is required by the purchase contract to restore the land to a condition suitable for recreational use after it had extracted the natural resource geological surveys estimate that the recoverable reserves will be 5050000 tons and that land will have a value of 610000 after restoration relevant cost in formations follows land 6378000 and estimated restoration costs 1100000 if sunland maintains no inventories of extracted material what should be the charge to depletion expense per ton of extracted material 1.36 1.56 1.48

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If Sunland maintains no inventories of extracted material, what should be the charge to depletion expense per t material? $1.26 $1.36 $1.56 $1.48

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