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2. The 3C Copper Company bought an ore-bearing tract of land for to recover copper reserves. During the first year of mining, 48,000 tons of

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2. The 3C Copper Company bought an ore-bearing tract of land for to recover copper reserves. During the first year of mining, 48,000 tons of copper reserves were mined and sold for $5,400,000. The expenses for this mining were $3,900,000. What is the percentage depletion allowance? (10 pts)

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