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A company purchased a tract of land for its natural resources at a cost of $1,530,000. It expects to mine 2,030,000 tons of ore from

A company purchased a tract of land for its natural resources at a cost of $1,530,000. It expects to mine 2,030,000 tons of ore from this land. The salvage value of the land is expected to be $280,000. The depletion expense per ton of ore is:

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