Belotti would record depletion in 2010 of:
A)$54,667.
B)$65,600.
C)$52,480.
D)$55,760.Depletion in 2010 = [($164,000 32,800) (8,000 + 12,000)] = $6.56 per ton 8,000 = $52,480

Question

Quizplus · Accepted Answer

Using the depletion formula, depletion in 2010 = [($164,000 - 32,800) / (8,000 + 12,000)] = $6.56 per ton. Multiplying this by the total tons mined in 2010 (8,000 tons) gives us a depletion expense of $52,480. Therefore, the correct answer is C.

Belotti Would Record Depletion in 2010 Of