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Question 16 (1 point) purchased the mineral rights to a granite deposit 00 tons. During On July 4, 2017, Wyoming Mining Company for $1,600,000. It is estimated that the recoverable granite will be 400,0 2017, 100,000 tons of granite vas extracted and 6o, 000 tons were sold. The amount of the Depletion Expense recognized for 2017 would be $200,000 $120,000 $240,000 $400,000 2