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I accidentally clicked on to I still want to post, this question was already answered, can I please have a cancellation for it where the
I accidentally clicked on to I still want to post, this question was already answered, can I please have a cancellation for it where the credit is given back to me. Thank you,
The Weber Company purchased a mining site for $1,750,000 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 400,000 tons will be recovered. The estimated residual value of the property is $150,000. During the first year, the company extracted 6,500 tons of ore. The depletion expense is
a. | $26,000 | |
b. | $16,000 | |
c. | $17,500 | |
d. | $15,000 |
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