A coal mine cost $1,001,000 and is estimated to hold 58,000 tons of coal. There is no residual value. During the first year of operations, 5000 tons are extracted and sold. Calculate depletion per unit. (Round your answer to the nearest cent.)

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The Answer of A coal mine cost $1,001,000 and is estimated to hold 58,000 tons of coal. There is no residual value. During the first year of operations, 5000 tons are extracted and sold. Calculate depletion per unit. (Round your answer to the nearest cent.)

A Coal Mine Cost $1,001,000 and Is Estimated to Hold