Nevada mines purchased a piece of land and the mineral

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Nevada mines purchased a piece of land and the mineral rights for 3,200,000. company engineers that the property contains 500,000 tons of ore and that nevada can sell the land for 100,000 when it completed mining operations. In the first year, nevada mined 120,000 tons of ore. Compute depletion cost for the first year.

Reference no: EM13605852

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