Vaughn Manufacturing acquires a coal mine at a cost of $1870000. Intangible development costs total...
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Vaughn Manufacturing acquires a coal mine at a cost of $1870000. Intangible development costs total $354000. After extraction has occurred, Vaughn must restore the property (estimated fair value of the obligation is $188000), after which it can be sold for $220000. Vaughn estimates that 6000 tons of coal can be extracted. What is the amount of depletion per ton?
$312
$402
$365
$330
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