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9. An ore deposit costing $800,000 is expected to produce 1,600,000 tons of ore over the next 10 years. A total of 70,000 tons are

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9. An ore deposit costing $800,000 is expected to produce 1,600,000 tons of ore over the next 10 years. A total of 70,000 tons are mined and sold in the current year. What is the depletion expense for the current year? A. $35,000 B. $56,000 C. $80,000 D. $140,000

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