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What the amount of the depletion expense recognized

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Problem - On July 4, 2019, A Mining Company purchased the mineral rights to a granite deposit for $600,000. It is estimated that the recoverable granite will be 300,000 tons. During 2019, 100,000 tons of granite was extracted and sold. What the amount of the Depletion Expense recognized for 2019?

Reference no: EM132928716

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