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Problem 07-36 (Algo) [LO 7-10) A&Z incurred $427.500 of capitalized costs to develop a uranium mine. The corporation's geologists estimated that the mine would produce

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Problem 07-36 (Algo) [LO 7-10) A&Z incurred $427.500 of capitalized costs to develop a uranium mine. The corporation's geologists estimated that the mine would produce 855.000 tons of ore. During the year, 171000 tons were extracted and sold. A&Z's gross revenues from the sales totaled $547.200, and its operating expenses for the mine were $164,160 Required: Calculate A&Z's depletion deduction Depleta deduction

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