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Depletion a. Determine the depletion rate. If required, round your answer to two decimal places. $ perton b. Determine the amount of depletion expense for

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Depletion a. Determine the depletion rate. If required, round your answer to two decimal places. $ perton b. Determine the amount of depletion expense for the current year. $ c. Journalize the adjusting entry on December 31 to recognize the depletion expense. If an amount box does not require an entry, leave it blank. Dec. 31

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