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g Concepts - Edmonds, 100, Accounting for Long-term Operational Assets Assume Deep Tunnel Coal paid $2,000,000 cash to purchase a mine with an estimated 8,000,000
g Concepts - Edmonds, 100, Accounting for Long-term Operational Assets Assume Deep Tunnel Coal paid $2,000,000 cash to purchase a mine with an estimated 8,000,000 tons of coal Deep Tunnel extracted 2,000,000 tons of coalin Year 1 and 3,000,000 tons in Year 2. Based on this information, the amount of depletion expense shown on the Year 2 income statement would be Click the answer you think is right. $2,000,000 $1,250,000 $500,000 $750,000 Do you know the answer? I know it I know it Think so Think so unsure No Idea No ten DOLL 17. (5 points) One of the problems of making public choices comes from aggregation of preferences. For example, people who don't want a large military, yet who see their taxes paying for military actions whether they like it or not, are considered to be "_ riders." On the other hand, if we were to let such people opt out of paying for military protection altogether, they would become riders," because they would still enjoy the benefits of national security without paying for them
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