if-a-company-extracts-5000-tons-from-a-mineral-deposit-with-a-cost-per-ton-of-4-

Question

If a company extracts 5,000 tons from a mineral deposit with a cost per ton of $4, what is the depletion expense for the period?

Accepted Answer

$20,000

Answer

$15,000

Answer

$25,000

Answer

$10,000

If a company extracts 5,000 tons from a mineral deposit with a cost per ton of \$4, what is the depletion expense for the period?