A mine is purchased for $4,000,000.There will be a salvage value of $300,000 when the land is restored after mining is completed.The mine has an estimated 250,000 tons of coal.What is the depletable cost per ton of coal?

Name: A mine is purchased for $4,000,000.There will be a salvage value of $300,000 when the land is restored after mining is completed.The mine has an estimated 250,000 tons of coal.What is the depletable cost per ton of coal?
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Quizplus · Accepted Answer

C) Calculations: ($4,000,000 - $300,000)/250,000 = $14,80

A Mine Is Purchased for $4,000,000