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Problem

Roll'n'Stone has operated a gravel mine for the last year.

It extracted 60,000 tons during the last year. The mine is estimated to contain a total of 2.5 million tons of gravel. The land initially cost $3.2 million.

What is the cost depletion for the mine in the last year?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92809572

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