Depletion Expense | Formula | Example | Journal Entry
24/05/2019 · The estimated capacity of the mine is 1,750,000 tons of coal and the estimated salvage value is zero. The company incurred additional 50,000 on development of mine for extraction purposes. They had extracted 210,000 tons of coal from the mine up to Jan 31, 20X5 and sold all but 13,000 tons of the coal extracted from the mine, with in Jan 20X5. Calculate the depletion expense on the mine .