A coal mine was purchased for $900 000. Estimated production is 20 000 000 tons of coal after which the mine will be sold for $50 000. During the current year 5 500 000 tons of coal were produced and sold. Amortisation for the year is:

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The Answer of A coal mine was purchased for $900 000. Estimated production is 20 000 000 tons of coal after which the mine will be sold for $50 000. During the current year 5 500 000 tons of coal were produced and sold. Amortisation for the year is:

A Coal Mine Was Purchased for $900 000