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23. On October 1, 2018, Ysleta Corporation purchased a coal mine for $1,550,000. The coal mine is expected to be depleted in 10 years and

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23. On October 1, 2018, Ysleta Corporation purchased a coal mine for $1,550,000. The coal mine is expected to be depleted in 10 years and the estimated residual value is $250,000. The mine contains an estimated 20.000 tons of coal at the time it is purchased and Ysleta uses the units of production method of depletion. Calculate depletion for 2018, assuming 3,000 tons of coal were extracted during that year. A. $130,000 C. $232,500 E. None of the above is correct B. $195,000 D. $270,000

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