BACK Sriet Exercise 10-11 (Part Level Submission) Francenur Mining Ca. purchased

Question

BACK Sriet Exercise 10-11 (Part Level Submission) Francenur Mining Ca. purchased for $3,537,700 a mine that is estimated to have 35,37 ,o00 tons of ore and no salrage vaiue. In the first year 2,437,70o k Chaster 0 B tons of ore are extracted and sold. (a1) 100 10-12 12az it) Calculate depletion cost per ton. (Round answer to 2 decimal places, e.g. o.so.) Depletion cost per ton bmissio) ors sults by Study SHOW LIST OF ACCOUNTS LINK TO TEXT 100 Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER (a2) The parts of this question must be completed in order. This part will be available when you complete the part above. The parts of this question must be completed in order. This part will be available when you complete the part above plus com/edugen/lti/imain.uni

Explanation / Answer

Depletion cost per ton = $3,537,700 / 35,377,000

Depletion cost per ton = $0.10 per ton

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