Spencer Huff
03/31/2024 · Middle School
Question 15 ( 2 points) A coal company invests \( € 12 \) million in a mine estimated to have 20 million tons of coal and no residual value. It is expected that the mine will be in operation for 5 years. In the first year, \( 1,000,000 \) tons of coal are extracted and sold. What is the depletion for the first year?
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The depletion for the first year is €600,000.
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