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The Weber Company purchased a mining site for $674,719 on July 1. The company expects to mine ore for the next 10 years and anticipates

The Weber Company purchased a mining site for $674,719 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 86,032 tons will be recovered. During the first year the company extracted 6,092 tons of ore. The depletion expense is

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