re https/ Chapter 16 Homework Help Save & ExitSubmit Seved Check my work Problem

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re https/ Chapter 16 Homework Help Save & ExitSubmit Seved Check my work Problem 16.038: Determine the annual percentage depletion for the coal mine 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 $145,000 each year Sales,Tons -SpotSales-Price STon- Book 34,300 50,100 9.82 71.900 1123 Pint Gross Depletion taxable Depletion % of the A lowed Year Income, $ amount amount Depletion

Explanation / Answer

Please re send your data table.

Not visible your gross income clearly.

So I am not able to solve this problem, but I am giving you hint how you find the annual percentage depletion for the coal mine.You have $145000 taxable income, after subtraction form 50% taxable income, you get Allowed depletion also based on your gross income ( given and not visible correctly) you subtract the taxable income, sales income from the gross, so you get net income (profit). Now you early calculate %.

Still you have any problems then resend your question with clearly visible Data set. Then I will solve.

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