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Business, 15.04.2020 04:17 luljrjr4130

Cameron Corp. purchased a mine on January 1, 2018, for $ 503,000, which is estimated to contain 36,000 tons of iron ore. There is no residual value. The business extracted and sold 7,500 tons of ore in 2018 and 16,800 tons of ore in 2019. What is the depletion expense for 2019?

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Cameron Corp. purchased a mine on January 1, 2018, for $ 503,000, which is estimated to contain 36,0...
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