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Assume a steel mind was purchased in year seven at a cost of $28,800. There is no residual value. The line is estimated to contain

Assume a steel mind was purchased in year seven at a cost of $28,800. There is no residual value. The line is estimated to contain a total of 600 tons of ORE. 360 tons of ORER extracted in year seven. How much depletion expense will be recorded in year seven

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