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What the amount of the Depletion Expense recognized

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Question - On July 1, 2014, Montana Mining Company purchased the mineral rights to a granite deposit for $800,000. It is estimated that the recoverable granite will be 400,000 tons. During 2014 100,000 tons of granite was extracted and 60,000 tons were sold. What the amount of the Depletion Expense recognized for this in 2014?

Reference no: EM132930939

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