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Cuono Mining Co. purchased a mine for $7.5 million that is estimated to have 45 million tonnes of ore and a residual value of $700,000.

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Cuono Mining Co. purchased a mine for $7.5 million that is estimated to have 45 million tonnes of ore and a residual value of $700,000. In the first year, 9 million tonnes of ore are extracted and 2 million tonnes are sold. Record annual depletion for the first year, ended August 31, 2017

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