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A 2,500-acre tract of timberland costs 1,200,000. It is estimated that 5 million units of timber are available. Planned to harvest an equal amount for
A 2,500-acre tract of timberland costs 1,200,000. It is estimated that 5 million units of timber are available. Planned to harvest an equal amount for 5 years, then sell the land 300 per acre. Determine the depletion amount for each year.
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