On July 1, 2020, Blue Spruce Inc. invested $788,900 in a mine estimated to have 805,000 tons of ore of uniform grade. During the last 6 months of 2020, 131,000 tons of ore were mined. Calculate depletion cost per unit. (Round answer to 2 decimal places, e. g. 0.50.)
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On July 1, 2020, Blue Spruce Inc. invested $788,900 in a mine estimated to have 805,000 tons of ore...
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