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During the month of Aug, a mining co. has a gross income of P3.2M from the production of silver (15%) jewelry. All expenses, excluding depletion

During the month of Aug, a mining co. has a gross income of P3.2M from the production of silver (15%) jewelry. All expenses, excluding depletion expenses for the month, amount to P2M, what is the depletion allowance for this month?

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