Answer:
$429,650
Explanation:
Cost of Mineral Mine $3,700,000
Less: Ascribed Land Value <u>$395,000</u>
Depletionable Value <u>$3,305,000</u>
No of units can be extracted from Mine = 10,000,000 units
No of units Sold = 1,300,000 units
Depletion Value = $3,305,000/10,000,000 * 1,300,000
Depletion Value = $429,650