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Afaska Minung Co. acquired mineral rights for 57,939,000. The mineral deposit is astimated at 46,700,000 tons. During the currant yest 7,000,000 tons were mined and sold. Determine the amount of depletion expense for the current yeac. Round the depletion rate to two decimal places. x Frestank Thinix My Wosk Similar to the units-of-production method to depreciate a fixed asset, the depletion rate thatis calculated staya constant no matter how much of the natural resource is extracted