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Recording Depletion Quavo Mining Co . acquired mineral rights for $ 1 6 , 5 0 0 , 0 0 0 . The mineral deposit

Recording Depletion

Quavo Mining Co

.

acquired mineral rights for $

16, 500, 000 .

The mineral deposit is estimated at

44, 000, 000

tons. During the current year,

4, 400, 000

tons were mined and sold. $

Financial Statement Effects

Balance Sheet

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