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Help Save & Exit Submit A company purchased a tract of land for its natural resources at a cost of $1,544,800. It expects to mine

Help Save & Exit Submit A company purchased a tract of land for its natural resources at a cost of $1,544,800. It expects to mine 2,020,000 tons of ore from this land. The salvage value of the land is expected to be $252,000. The depletion expense per ton of ore is: - Multiple Choice $0.640. $0.765 $6.130. $8.016 $0.890

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