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BE$\mathrm{.}09\mathrm{.}01.$ALGO

BE$\mathrm{.}09\mathrm{.}07.$ALGO?

Depletion

Earth's Treasures Mining Co$.$ acquired mineral rights for $$43,500,000.$ The mineral deposit is estimated at $30,000,000$ tons. During the current year, $8,700,000$ tons were mined and sold.

EX$.09\mathrm{.}04$

BE$\mathrm{.}09\mathrm{.}03.$ALGO

a$.$ Determine the depletion rate. If required, round your answer to two decimal places.

$ $q,$ per ton

b$.$ Determine the amount of depletion expense for the current year.

EX$.09\mathrm{.}01$

$