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FINANCIAL ACCOUNTI ice Assignment Gradebook ORIONDownloadable eTextbook ment CAL

ID: 3356452 • Letter: F

Question

FINANCIAL ACCOUNTI ice Assignment Gradebook ORIONDownloadable eTextbook ment CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION B Exercise 9-11 (Part Level Submission) on July 1, 2015, Friedman Inc. invested $708,963 in a mine estimated to have 814,900 tons of ore of uniform gr 2015, 138,900 tons of ore were mined and sold. (al) Calculate depletion cost per unit. (Round answer to 2 decimal places, e-g. o.so.) Depletion cost per unit SHOW LIST OF ACCOUNTS LINK TO TEXT Attempts: 0 of 3 used SAVE FOR LATER SUBMIT AN Major Benefits of doc

Explanation / Answer

Depletion expense = 708963/814900 = 0.87

So, Depletion expense per unit is $0.87