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6 pts Question 27 On January 1 of 20X1, Amber Company purchased a silver mine for $160,000. The mine will have a salvage value of

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6 pts Question 27 On January 1 of 20X1, Amber Company purchased a silver mine for $160,000. The mine will have a salvage value of $20,000 when all of the silver is removed. As of January 1 20X1, it was expected that the mine contained 14,000 ounces of silver. During 20X1, Amber Company removed 2,000 ounces of silver from the mine. What is the amount of Depletion Expense for 20X1? $22,857 O $26,667 O $16,000 O $23,333 O $20,000

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