Barton Corporation acquired a coal mine for $2,000,000. Inta…
Barton Corporation acquired a coal mine for $2,000,000. Intangible development costs totaled $390,000. After extraction is completed, Barton must restore the property. The estimated fair value of the obligation is $210,000, after which the company estimates that it can be sold for $310,000. Barton estimates that 5,000 tons of coal can be extracted. What is the amount of depletion per ton?