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Viefleur [7K]
3 years ago
5

Seven Co. owns a coal mine with an estimated 1,000,000 tons of available coal. It was purchased for $300,000 and has $50,000 sal

vage value. During the current period, Seven mined and sold 200,000 tons of coal. Depletion expense for the period will be how much
Business
1 answer:
Nezavi [6.7K]3 years ago
7 0

Answer:

50,000

Explanation:

(300,000-50,000)/1,000x200,000=50,000

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