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Question
How is depletion calculated?
How is depletion calculated?
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Solution
Depletion is calculated by:
Depletion = Total cost – salvage value/ Total number of estimated units.
The expense is calculated by multiplying the depletion per unit by the number of units consumed or sold during the current period.
Also see:
Depletion is calculated by:
Depletion = Total cost – salvage value/ Total number of estimated units.
The expense is calculated by multiplying the depletion per unit by the number of units consumed or sold during the current period.
Also see:
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