Business, 15.04.2021 15:50 antoninapride
In January 2015, Fehr Mining Corporation purchased a mineral mine for $6,155,222 with removable ore estimated by geological surveys at 2,590,094 tons. The property has an estimated value of $600,000 after the ore has been extracted. Fehr incurred $1,735,619 of development costs preparing the property for the extraction of ore. During 2015, 340,000 tons were removed and 300,000 tons were sold. For the year ended December 31, 2015, Fehr should include what amount of depletion in its cost of goods sold
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In January 2015, Fehr Mining Corporation purchased a mineral mine for $6,155,222 with removable ore...
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