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quetions 26: In January, 2017, Yager Corporation purchased a mineral mine for $7,000,000 with removable ore estimated by geological surveys at 2,000,000 tons. The company incurred $1,000,000 of development costs preparing the mine for production. During 2017, 600,000 tons were removed and sold. What is the amount of depletion that Yager should expense in the income statement for 2017 ? What is the carrying value of the mine on the balance sheet on December 31,2017