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In 2017, ABC company acquired the natural resource for $ 4,000,000. The estimated recoverable units from the natural resource at that time of purchase were

In 2017, ABC company acquired the natural resource for $ 4,000,000. The estimated recoverable units from the natural resource at that time of purchase were 400,000 units. Assumed. 40,000 units of the natural resource were sold during 2017.

What was the depletion rate per unit? What was the depletion expense for 2017?

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