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Swifty Corporation acquired a coal mine for $1750000. Intangible development costs totaled $362000. After extraction is completed, Swifty must restore the property. The estimated fair
Swifty Corporation acquired a coal mine for $1750000. Intangible development costs totaled $362000. After extraction is completed, Swifty must restore the property. The estimated fair value of the obligation is $189000, after which the company estimates that it can be sold for $216000. Swifty estimates that 5000 tons of coal can be extracted. What is the amount of depletion per ton
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