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A coal company invests P16 million in a mine estimated to have 20 million tons of coal and no salvage value. It is expec
Posted: Wed Jul 06, 2022 6:09 am
by answerhappygod
- A Coal Company Invests P16 Million In A Mine Estimated To Have 20 Million Tons Of Coal And No Salvage Value It Is Expec 1 (89.92 KiB) Viewed 13 times
A coal
company invests P16 million in a mine estimated to have 20 million tons of coal and no salvage value. It is expected that the mine will be in operation for 5 years. In the first year, 1,000,000 tons of coal are extracted and sold. What is the depletion expense for the first year? Cannot be determined from the information provided. P800,000 P320,000 P80,000