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Calculate parscale cost depletion for the year

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Reference no: EM133133793

Question - On March 25, Parscale Company purchases the rights to a mineral interest for $9,751,000. At that time, the remaining recoverable units in the mineral interest are estimated to be 750,900 tons.

If required, round any division to two decimal places and use in subsequent computations. Round your final answer to the nearest dollar.

If 675,810 tons are mined and 112,635 tons are sold this year, calculate Parscale's cost depletion for the year.

Reference no: EM133133793

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