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Fidelak Corp. has a mine ( non - oil / gas ) expected to produce 2 , 8 0 0 units. Fidelak paid $ 1

Fidelak Corp. has a mine (non-oil/gas) expected to produce 2,800 units. Fidelak paid
$140,000 for the mine. This year Fidelak will obtain 100 units from the mine. The
applicable rate for percentage depletion is 15%. They had gross income from the mine of
$50,000, and had net income before depletion of $20,000. What is the maximum
depletion Fidelak can deduct?
  

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