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Bobby Company reports gross income of $500,000 and other property-related expenses of $200,000 and uses a depletion rate of 10%. If required, round your computations

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Bobby Company reports gross income of $500,000 and other property-related expenses of $200,000 and uses a depletion rate of 10%. If required, round your computations to the nearest dollar. Enter only numbers in your response below. Calculate Bobby's depletion allowance for the current vear

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