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6 October, 15:41

Land containing a mine having an estimated 1,000,000 tons of economically extractable ore is purchased for $375,000. after the ore deposit is removed, the land will be worth $75,000. if 100,000 tons of ore are mined and sold during the first year, the depletion cost charged to expense for the year is:

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  1. 6 October, 18:43
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    Should your answr be a ratio it is 75/375
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