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In January, 2020, Marigold Corp. purchased a mineral mine for $4900000 with removable ore estimated by geological Surveys at 2200000 tons. The property has an

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In January, 2020, Marigold Corp. purchased a mineral mine for $4900000 with removable ore estimated by geological Surveys at 2200000 tons. The property has an estimated value of $300000 after the ore has been extracted. The company incurred $1700000 of development costs preparing the mine for production. During 2020, 590000 tons were removed and 550000 tons were sold. What is the amount of depletion that Marigold should expense for 2020? O $1077500 O $1575000 $1950000 O $1150000

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