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29 Required information Part 3 of 3 The following information applies to the questions displayed below Last Chance Mine (4C) purchased a coal deposit for

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29 Required information Part 3 of 3 The following information applies to the questions displayed below Last Chance Mine (4C) purchased a coal deposit for $2,305,050. It estimated it would extract 18,150 tons of coal from the deposit. LC mined the coall and sold it, reporting gross receipts of $1.18 million, $4.5 million, and $3.3 milion for years 1 through 3, respectively. During years 1-3, LC reported net income (loss) from the coal deposit activity in the amount of ($11,500), $737,500, and $647,500, respectively. In years 1-3, LC actualy extracted 19150 tons of coal as follows: (Leave no answer blank. Enter zero if applicable. Enter your answers in dollars and not in millions of dollars.) Depletion 12) 2)743)Tons Extracted per Year 18.1502,305,054 127.0D 2,30D c. Using the cost and percentage depletion computations from parts (a) and (b), what is Last Chance's actual depletion expense for each year? Answer is complete but not entirely correct. 2.832.100 441 450 3698.500

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