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In January 2015, Fehr Mining Corporation purchased a mineral mine for $6,186,421 with removable ore estimated by geological surveys at 2,580,169 tons. The property has

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In January 2015, Fehr Mining Corporation purchased a mineral mine for $6,186,421 with removable ore estimated by geological surveys at 2,580,169 tons. The property has an estimated value of $600,000 after the ore has been extracted. Fehr incurred $1,736,855 of development costs preparing the property for the extraction of ore. During 2015, 340,000 tons were removed and 300,000 tons were sold. For the year ended December 31, 2015, Fehr should include what amount of depletion in its cost of goods sold? (do not round the depletion rate when multiplying it by units removed or sold) Question 21 1 pts In January 2015, Fehr Mining Corporation purchased a mineral mine for $6,087,999 with removable ore estimated by geological surveys at 2,503,212 tons. The property has an estimated value of $600,000 after the ore has been extracted. Fehr incurred $1,722,956 of development costs preparing the property for the extraction of ore. During 2015, 340,000 tons were removed and 300,000 tons were sold. What is the total amount of depletion for 2015? (do not round the depletion rate when multiplying it by units removed or sold)

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