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Natural Resources and Depletion
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Natural Resources and Depletion
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8. Long Lived Assets / Natural Resources and Depletion / Problem 2
Problem 2
If a company extracts 5,000 tons from a mineral deposit with a cost per ton of \$4, what is the depletion expense for the period?
A
\$20,000
B
\$15,000
C
\$25,000
D
\$10,000
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