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Record annual depletion for the first year ended august

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Reference no: EM132773280

Oriole Mining Co. purchased a mine for $8.4 million that is estimated to have 26.9 million tonnes of ore and a residual value of $2,482,000. In the first year, 7.1 million tonnes of ore are extracted and 5.1 million tonnes are sold.

Problem 1: Record annual depletion for the first year, ended August 31, 2017.

Reference no: EM132773280

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