Question: Exercise 8-29 (Algorithmic) (LO. 8) On March 25, 2019, Parscale Company purchases the rights to a mineral interest for $8,513,500. At that time, the remaining
Exercise 8-29 (Algorithmic) (LO. 8) On March 25, 2019, Parscale Company purchases the rights to a mineral interest for $8,513,500. At that time, the remaining recoverable units in the mineral interest are estimated to be 845,200 tons. If required, round any division to two decimal places and use in subsequent computations. Round your final answer to the nearest dollar. If 760,680 tons are mined and 126,780 tons are sold this year, calculate Parscale's cost depletion for 2019
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