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A company purchased a tract of land for its natural resources at a cost of S1.628.500 It expects to mine 2.050.000 tons of ore from

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A company purchased a tract of land for its natural resources at a cost of S1.628.500 It expects to mine 2.050.000 tons of ore from this land. The salvage value of the land is expected to be $255,000. The depletion expense per ton of ore is: $0670 $0 919. $6 386 $8,039. S0.794

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