A company pays $650,000 for an ore deposit. The deposit is estimated to have 325,000 tons of

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A company pays $650,000 for an ore deposit. The deposit is estimated to have 325,000 tons of ore that will be mined over the next 10 years. During the first year, it mined, processed, and sold 91,000 tons.What is that year’s depletion expense?

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