16.38 please with no excel and step by step solution

Depletion 16.40 Ca 16.36 What is the difference between depreciation and depletion? tio on est 1637 When WTA, Inc. purchased rights to extract silver from a mine for a total price of $2.1 million 3 years ago, the estimated 350,000 ounces of silver was to be removed over the next 10 years. A total of 175,000 ounces has been removed and sold thus far. (a) What is the total cost depletion allowed over the 3 years? (b) New exploratory tests indicate that only an estimated 100,000 ounces remain in the veins of the mine. What is the cost depletion factor applicable for the next year? del 1641 Ede for A r add tima 16.38 A relatively small priyately-owned coal-mining company has the sales results summarized below. Determine the annual percentage depletion for the coal mine. Asume the company's taxable income Ede Year Volu Price is $140,000 each year Spot Sales Price. $/Ton -Sales, Tons 34.300 50,100 71,900 Year 9.82 10.50 11.23 16.42 For t 16.39 SA Forest Resources purchased forest acreage for $500,000 from which an estimated 200 million board feet of lumber are recoyerable. The company will sell the lumber for S0.10 per buard fout. No lumber will be sold next year because an environmental impact statement must be completed before harvesting can cost o off th nia a S24.8 serves salabl and p gross i S8.50