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A company purchased mineral assets costing $ 8 2 0 , 0 0 0 , with estimated residual value of $ 4 1 , 5

A company purchased mineral assets costing $

820, 000,

with estimated residual value of $

41, 500,

holding approximately

420, 000

tons of ore. During the first year,

58, 800

tons are extracted and sold. What is the amount of depletion for the first year?

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