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It is estimated that 15000000 tons can be extracted from

Question - In 2014, Mansfield Mining purchased a mineral deposit for $12,000,000. It is estimated that 15,000,000 tons can be extracted from the mine. Calculate depletion expense during 2014 assuming 800,000 tons were extracted and 700,000 tons were sold.

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Accounting Basics: It is estimated that 15000000 tons can be extracted from

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Accounting Basics: It is estimated that 15000000 tons can be extracted from

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