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The answer is P840,000 . I just need the complete solution. In January 2019. Orange Company purchased a mineral mine for P3.4DO,DOO with removable ore

The answer is P840,000. I just need the complete solution.

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In January 2019. Orange Company purchased a mineral mine for P3.4DO,DOO with removable ore estimated by geological surveys at 2,000,000 tons. The property has an estimated value of P2OD,ODO after the ore has been extracted. The company incurred P1,000,0DO of development costs preparing the mine for production. During 2019, 500,000 tons were removed. and 400,000 tons were sold. What is the amount of depletion that Orange should expense for 2019

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