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What is the depletion cost per unit

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Question - On January 1, 2008, Freeport Enterprises purchased natural resources for $1,200,000. The Company expects the resources to produce 12000000 units of product.

1. What is the depletion cost per unit?

2. If the company mined and sold 20,000 units in Jan, what is depletion expense for the month?

Reference no: EM132045754

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