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undefined Problem 07-36 (Algo) (LO 7-10) A&Z incurred $552,500 of capitalized costs to develop a uranium mine. The corporation's geologists estimated that the mine would
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Problem 07-36 (Algo) (LO 7-10) A&Z incurred $552,500 of capitalized costs to develop a uranium mine. The corporation's geologists estimated that the mine would produce 1,105,000 tons of ore. During the year, 221,000 tons were extracted and sold. A&Z's gross revenues from the sales totaled $707,200, and its operating expenses for the mine were $212,160. Calculate A&Z's depletion deduction X Answer is complete but not entirely correct. Depletion deduction $ 141,440 XStep by Step Solution
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