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On January 1, 2020, Wyoming Mining Company purchased the mineral rights to a granite deposit for $2,400,000. It is estimated that the recoverable granite will

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On January 1, 2020, Wyoming Mining Company purchased the mineral rights to a granite deposit for $2,400,000. It is estimated that the recoverable granite will be 600,000 tons. During 2020, 100,000 tons of granite were extracted and 60,000 tons were sold. The amount of depletion recognized for 2020 would be A. $300,000 B. $180,000 C. $400,000 D. $600,000 Select one: a. b b.d G C d. a

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