Question: A) $306 B) $510 C) $300 D) $372 110. Balcom Corporation acquires a coal mine at a cost of $1,500,000. Intangible development costs total $360,000.

A)	$306
B)	$510
C)	$300
D)	$372

110. Balcom Corporation acquires a coal mine at a cost of $1,500,000. Intangible development costs total $360,000. After extraction has occurred, Balcom must restore the property (estimated fair value of the obligation is $180,000), after which it can be sold for $510,000. Balcom estimates that 5,000 tons of coal can be extracted. What is the amount of depletion per ton?

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