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5 September, 19:19

A coal company invests $12 million in a mine estimated to have 20 million tons of coal and no salvage value. it is expected that the mine will be in operation for 5 years. in the first year, 1,000,000 tons of coal are extracted and sold. what is the depletion expense for the first year?

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  1. 5 September, 20:18
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    2 percent is the depletion
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