Question: For a given year, a coal mine has reported a cost depletion of $887,455, a net sales revenue of $55,439,349, and a total taxable income
For a given year, a coal mine has reported a cost depletion of $887,455, a net sales revenue of $55,439,349, and a total taxable income (before depletion) of $40,517,339. Recall that coal mine: have a depletion rate of 10%. Determine the cost depletion, percent depletion, and limit depletion. Enter the value of the appropriate depletion deduction given the selection Lructure. Enter your value as a positive 2 number
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