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A company purchased a tract of land for its natural resources at a cost of $1,440,000. It expects to mine 1,940,000 tons of ore from

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A company purchased a tract of land for its natural resources at a cost of $1,440,000. It expects to mine 1,940,000 tons of ore from this land. The salvage value of the land is expected to be $190,000. The depletion expense per ton of ore is: $0.840 $0.644 $7.579 $0.742 $10.211

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