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Business, 17.12.2019 04:31 brookie125

Weber company purchased a mining site for $1,750,000 on july 1. the company expects to mine ore for the next 10 years and anticipates that a total of 400,000 tons will be recovered. the estimated residual value of the property is $150,000. during the first year, the company extracted 6,500 tons of ore. the depletion expense is
a. $15,000
b. $17,500
c. $26,000
d. $16,000

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Weber company purchased a mining site for $1,750,000 on july 1. the company expects to mine ore for...
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