A relatively small privately owned coal-mining company has the sales results summarized below. Determine the annual percentage depletion for the coal mine. Assume the company's taxable income is $125,000 each year. Year Sales, Tons 34,300 50,100 71,900 Spot Sales Price, $/Ton 9.82 11.5 3. 11.23 50% of the Gross Depletion Allowed Year taxable Income, $ amount Depletion amount 1 3.

A relatively small privately owned coal-mining company has the sales results summarized below. Determine the annual percentage depletion for the coal mine. Assume the company's taxable income is $125,000 each year. Year Sales, Tons 34,300 50,100 71,900 Spot Sales Price, $/Ton 9.82 11.5 3. 11.23 50% of the Gross Depletion Allowed Year taxable Income, $ amount Depletion amount 1 3.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter9: Decision Making Under Uncertainty

Section: Chapter Questions

Problem 30P

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