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15. Reynolds purchases a coal mine for $1,000,000. They estimate they will extract 8,000,000 pounds of coal and then dispose of the mine for $0.

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15. Reynolds purchases a coal mine for $1,000,000. They estimate they will extract 8,000,000 pounds of coal and then dispose of the mine for $0. In 2023 they extract 2,000,000 pounds of coal. Required: Record the depletion expense for 2023 in the journal

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