Question: Problem #4 Depletion (12 points) In March 2017, Casey Mines Co. purchased a coal mine. The following information is provided: Purchase price of coal mine

 Problem #4 Depletion (12 points) In March 2017, Casey Mines Co.

purchased a coal mine. The following information is provided: Purchase price of

coal mine #VALUE! 5 Estimated tons of removable coal #VALUE! Estimated cost

Problem #4 Depletion (12 points) In March 2017, Casey Mines Co. purchased a coal mine. The following information is provided: Purchase price of coal mine #VALUE! 5 Estimated tons of removable coal #VALUE! Estimated cost of land that is required to be 6 restored #VALUE! Estimated amount Casey Mines Co. can sell the land for after it is restored #VALUE! Development costs incurred to prepare the mine 8 for production #VALUE! 9 Tons removed in 2017 #VALUE! 10 Tons sold in 2017 #VALUE! 7 12 Show computations and clearly label all answers. SVSUID Multiple Choice Questions Problem 1 Problem Problem Problem What is the amount of depletion per ton (round to two decimal places)? (6 points) What amount should Casey record as depletion (cost of goods sold) for 2017? (3 points 5VSUD Multiple Choice Questions Problem Problem 2 Problema Problem 4 prob Search for anything RI a * What amount should Casey show in ending inventory at the end of 2017? (3 points) Problem Problem Problem 4 prob Problem #4 Depletion (12 points) In March 2017, Casey Mines Co. purchased a coal mine. The following information is provided: Purchase price of coal mine #VALUE! 5 Estimated tons of removable coal #VALUE! Estimated cost of land that is required to be 6 restored #VALUE! Estimated amount Casey Mines Co. can sell the land for after it is restored #VALUE! Development costs incurred to prepare the mine 8 for production #VALUE! 9 Tons removed in 2017 #VALUE! 10 Tons sold in 2017 #VALUE! 7 12 Show computations and clearly label all answers. SVSUID Multiple Choice Questions Problem 1 Problem Problem Problem What is the amount of depletion per ton (round to two decimal places)? (6 points) What amount should Casey record as depletion (cost of goods sold) for 2017? (3 points 5VSUD Multiple Choice Questions Problem Problem 2 Problema Problem 4 prob Search for anything RI a * What amount should Casey show in ending inventory at the end of 2017? (3 points) Problem Problem Problem 4 prob

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