A mining company purchased a coal mine on Jan 1 20X5 for $2,800,000. The estimated capacity of the mine is 1,750,000 tons of coal, and the estimated salvage value is zero. ... The following list records the depletion expense and inventory on Jan 31, 20X5: Coal Inventory 22,800. Depletion Expense 319,200. Coal Mine Assets 342,000. practice ...Web