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In January of 2 0 2 5 , Coronado Corporation purchased a mineral mine for $ 5 5 0 0 0 0 0 with removable

In January of 2025, Coronado Corporation purchased a mineral mine for $5500000 with removable ore estimated by geological surveys at 1600000 tons. The property has an estimated value of $320000 after the ore has been extracted. The company incurred $1500000 of development costs preparing the mine for production. In 2025,580000 tons were removed, and 520000 tons were sold.What amount of depletion should Coronado expense for 2025?

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