On april 17, 2018, the loadstone mining company purchased the rights to a coal mine. the purchase price plus additional
costs necessary to prepare the mine for extraction of the coal totaled $4,500,000. the company expects to extract
900,000 tons of coal during a four-year period. during 2018. 240,000 tons were extracted and sold immediately.
required:

1‘ calculate depletion for 2018.

2 discuss the accounting treatment of the depletion calculated in requirement 1.

In canada, the reference base period for the cpi is 2002. by 2012, prices had risen by 21.6 percent since the base period. the inflation rate in canada in 2013 was 1.1 percent. calculate the cpi in canada in 2013. hint: use the information that “prices had risen by 21.6 percent since the base period” to find the cpi in 2012. use the inflation rate formula (inflation is the growth rate of the cpi) to find cpi in 2013, knowing the cpi in 2012 and the inflation rate. the cpi in canada in 2013 is round up your answer to the first decimal. 122.9 130.7 119.6 110.5