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A coal company inwests $20 million in a mine estimated to have 25 million tons of coal and no salvage value. It is expected that

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A coal company inwests $20 million in a mine estimated to have 25 million tons of coal and no salvage value. It is expected that the mine will be in operation for 5 years. In the first year, 950000 tons of coal are extracted and sold. What is the depletion for the first year? O $760000 Cannot be determined from the information provided 0 $76000 O $228000

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