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Gravel expects to produce 60,000 tons of gravel annually for 5 years. The deposit cost $150K to acquire; the annual gross revenues are expected to

Gravel expects to produce 60,000 tons of gravel annually for 5 years. The deposit cost $150K to acquire; the annual gross revenues are expected to r ton, and the net revenues are expected to be $9 per ton and the net revenues are expected to be $4 per ton. (a) Compute the annual depletiona cost basis. (b) Compute the annual depletion on a percentage basis

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