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ARTO Weber Company purchased a mining site for $566,617 on July 1. The company expects to mine ore for the next 10 years and anticipates
ARTO Weber Company purchased a mining site for $566,617 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 84,541 tons will be recovered. The estimated residual value of the property is $56,857. During the first year, the company extracted 6,077 tons of ore. The depletion expense is Oa. $36,642.71 Ob. $40,729.72 > Oc. $50,976.00 Od. $56,857.00
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