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What is the depletion expense

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Problem - Hyde Inc. purchased mineral rights estimated at 2,500,000 tons near Great Falls, Montana, for $3,600,000 on August 7, 20Y4. During the remainder of the year, Hyde mined 175,000 tons of ore. What is the depletion expense for 20Y4?

A. $121,528

B. $252,000

C. $1,500,000

D. $3,600,000

Reference no: EM132709461

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