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! Required Information [ The following information applies to the questlons displayed below. ] Last Chance Mine ( LCM ) purchased a coal deposit for
Required Information
The following information applies to the questlons displayed below.
Last Chance Mine LCM purchased a coal deposit for $ It estimated it would extract tons of coal from the deposit.
LCM mined the coal and sold it reporting gross recelpts of $ million, $ million, and $ million for years through
respectively. During years LCM reported net Income IOSs from the coal deposit activity in the amount of $ $
and $ respectively. In years LCM extracted tons of coal as follows:
Note: Leave no answer blank. Enter zero if applicable. Enter your answers In dollars and not In mllllons of dollars.
a What is LCMs cost depletion for years and
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