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What is the depletion expense in the third year

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Question - An Iron ore mine in Brazil cost $4M and contains an estimated amount of 1,600,000 tons of Iron ore. In the first year, 300,000 tones of iron ore were extracted from the mine; in the second year, 200,000 tones of iron ore were extracted from the mine; and in the third year, 500,000 tons of iron ore were extracted from the mine. What is the depletion expense in the third year?

Reference no: EM133089764

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