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Business, 25.11.2021 06:50 dbryrob2557

Digger, Inc. paid $100,000 for the rights to mineral deposits containing an estimated 20,000 tons of ore. Digger paid an additional $20,000 for exploration and development and estimated there would be no salvage value once the ore was fully extracted. Calculate depletion expense if Digger extracted and sold 8,000 tons of ore.

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Digger, Inc. paid $100,000 for the rights to mineral deposits containing an estimated 20,000 tons of...
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