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At the beginning of 2 0 2 5 , Concord Company acquired a mine for $ 9 8 6 , 4 0 0 . Of
At the beginning of Concord Company acquired a mine for $ Of this amount, $ was ascribed to the land value
and the remaining portion to the minerals in the mine. Surveys conducted by geologists have indicated that
approximately units of ore appear to be in the mine. Concord incurred $ of development costs associated with
this mine prior to any extraction of minerals. It also determined that the fair value of its obligation to prepare the land for an
alternative use when all of the mineral has been removed was $ During units of ore were extracted
and of these units were sold.
Compute the following.
a
Your answer is incorrect.
The total amount of depletion for Round per unit answer to decimal places, eg for computational purpose and final
answer to decimal places, eg
Depletion for $
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