Essay
A company purchased mining property that containing 15,000,000 tons of ore for $4,875,000.In 2009,the company mined and sold 789,000 tons of ore and in 2010,it mined and sold 1,235,000.Calculate the depletion expense for 2009 and 2010.
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$4,875,000/15,000,000 tons = $...View Answer
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