How is net book value calculated for natural resources?

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?

A company uses the inventory method for recording depletion. What entry is made when oil is extracted but not yet sold?

When a company purchases a mineral deposit for \$300,000, which of the following entries is correct?

A company purchases a mineral deposit for \$200,000, estimating it contains 50,000 tons of minerals. What is the cost per ton?

A company extracts 1,000 units from a resource with a cost per unit of \$3. What is the depletion expense?

If a company extracts 10,000 trees from a forest with a cost per tree of \$5, what is the depletion expense for the period?

How does depletion expense affect the net book value of a natural resource?

What is the impact of depletion expense on a company's equity?

How does recording a depletion expense affect a company's financial statements?