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Earth's Treasures Mining Co. acquired mineral rights for $99,000,000. The mineral deposit is estimated at 90,000,000 tons. During the current year, 23,400,000 tons were mined
Earth's Treasures Mining Co. acquired mineral rights for $99,000,000. The mineral deposit is estimated at 90,000,000 tons. During the current year, 23,400,000 tons were mined and sold. Question Content Area a. Determine the depletion rate. If required, round your answer to two decimal places. $fill in the blank b9f1ce045fcafd6_1 1.1 per ton b. Determine the amount of depletion expense for the current year. $fill in the blank b9f1ce045fcafd6_2 Feedback Area Feedback Similar to the units-of-production
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