Old Stake Mining Company computes the depletion rate of ore to be $2 per ton. During 20xx

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Old Stake Mining Company computes the depletion rate of ore to be $2 per ton.

During 20xx the company mined 400,000 tons of ore and sold 370,000 tons. What is the total depletion expense for the year?LO-3

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Financial Accounting

ISBN: 9780618310746

8th Edition

Authors: Belverd E. Needles Jr,, Marian Powers

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