On July 1, 2022, Martinez Inc. invested $813,830 in a mine estimated to have 839,000 tons of ore of uniform grade. During the last 6 months of 2022, 103,000 tons of ore were mined. Calculate depletion cost per unit. (Round answer to 2 decimal places, eg. 0.50) Depletion cost per unit

On July 1, 2022, Martinez Inc. invested $813,830 in a mine estimated to have 839,000 tons of ore of uniform grade. During the last 6 months of 2022, 103,000 tons of ore were mined. Calculate depletion cost per unit. (Round answer to 2 decimal places, eg. 0.50) Depletion cost per unit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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On July 1, 2022, Martinez Inc. invested $813,830 in a mine estimated to have 839,000 tons of ore of uniform grade. During the last 6
months of 2022, 103,000 tons of ore were mined.
Calculate depletion cost per unit. (Round answer to 2 decimal places, e.g. 0.50.)
Depletion cost per unit. S

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