Homework Answers
| Depletion expenses per cubic feet=Cost incurred/No.of cubic feet extracted | |||||||
| Depletion expenses per cubic feet | |||||||
| 9240000/4200000 | 2.2 | ||||||
| Year 1 Depletion | In $ | ||||||
| 820000*2.2 | 1804000 | answer | |||||
| Yer 2 Depletion | |||||||
| 920000*2.2 | 2024000 | answer | |||||
| If any doubt please comment | |||||||
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