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A mine purchased for $2.5 million has a total expected yield of 500,000 ounces of silver. What is the depletion charge in year 5 when

A mine purchased for $2.5 million has a total expected yield of 500,000 ounces of silver. What is the depletion charge in year 5 when 80,000 ounces are mined and sold with $1 million of gross income, using the percentage depletion method? The percentage depletion rate for silver mines is specified as 15%

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