Question: E 1 0 . 2 3 ( LO 3 ) ( Depletion Computations Minerals ) At the beginning of 2 0 2 5 , Aristotle
ELO Depletion ComputationsMinerals At the beginning of Aristotle Company acquired a mine for $ Of this amount, $ was ascribed to the land value and the remaining portion to the minerals in the mine. Surveys conducted by geologists have indicated that approximately units of ore appear to be in the mine. Aristotle incurred $ of development costs associated with this mine prior to any extraction of minerals. It also determined that the fair value of its obligation to prepare the land for an alternative use when all of the mineral has been removed was $ During units of ore were extracted and of these units were sold. Instructions Compute the following. a The total amount of depletion for b The amount that is charged as an expense for for the cost of the minerals sold during
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