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Weber Company purchased a mining site for $574,876 on July 1. The company expects to mine ore for the next 10 years and anticipates that

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Weber Company purchased a mining site for $574,876 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 97,552 tons will be recovered. The estimated residual value of the property is $51,660. During the first year, the company extracted 4,825 tons of ore. The depletion expense is Ca. 55232160 b. 52433.3 C 525.7863 d. 551.660.00

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