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Julie owns an oil field and uses cost depletion. On 1/1/20, her engineers estimate there are 300,000 barrels remaining in the reservoir. In 2020, Julie

Julie owns an oil field and uses cost depletion. On 1/1/20, her engineers estimate there are 300,000 barrels remaining in the reservoir. In 2020, Julie extracts 100,000 barrels and sells 80,000. Her b...

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