Lead Hill Corporation recognizes $1 of depletion for each ton of ore mined. Dur ing the current

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Lead Hill Corporation recognizes $1 of depletion for each ton of ore mined. Dur¬

ing the current year the company mined 600,000 tons but sold only 500,000 tons, as it was attempting to build up inventories in anticipation of a possible strike by employees. How much depletion should be deducted from revenue of the current year? LO2

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