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Weber Company purchased a mining site for $593,646 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 $593,646 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 92,792 tons will be recovered. The estimated residual value of the property is $59,794. During the first year, the company extracted 4,284 tons of ore. The depletion expense is Oa. 353,385.20 Ob. $27.407.31 Oc. $24,646.76 d. 559,794.00

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