Solved Cameron Corp. purchased a mine on January 1,
What is the depletion expense for 2019? (Round any intermediate calculations to two decimal places, and your final. Cameron Corp. purchased a mine on January 1, 2018, for $530,000, which is estimated to contain 35,000 tons of iron ore. There is no residual value. The business extracted and sold 7,500 tons of ore in 2018 and …