A relatively small privately-owned coal-mining company has the sales results summarized below. Determine the annual percentage depletion

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A relatively small privately-owned coal-mining company has the sales results summarized below. Determine the annual percentage depletion for the coal mine. Assume the company€™s taxable income is $140,000 each year.

Spot Sales Price, $/Ton 9.82 Sales, Tons Year 34,300 50,100 10.50 3 11.23 71,900

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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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Question Posted: Dec 26, 2018 08:57 AM

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A relatively small privately-owned coal-mining company has the sales results summarized below. Determine the annual percentage depletion

Question:

Spot Sales Price, $/Ton 9.82 Sales, Tons Year 34,300 50,100 10.50 3 11.23 71,900

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Percentage depletion for coal is 10 of gross income ...View the full answer

Engineering Economy

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