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TER 20:54 Texon Company is exploring for oil in Latin America. The exploration cost amounted to $16,400,000 and accounts for 40% of the total costs.
TER 20:54 Texon Company is exploring for oil in Latin America. The exploration cost amounted to $16,400,000 and accounts for 40% of the total costs. The residual value is 10% of the total costs. The estimated available units are around 40,000,000. The depletion cost per unit (DCPU) is: (a) 6.90 (b) 0.92 (c) 7.10 (d) None of the above Select one: a D b. . dB
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