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QUESTION
.. . 3. MC.09-101 Sands Company purchased mining rights for $500,000. They expect to harvest 1 million tons of ore over the next five years. During
Calculate:
A) Depletion rate per ton
B) Depletion expense for currentÂ
yearÂ
.. .3. MC.09-101Sands Company purchased mining rights for $500,000. They expect to harvest 1 million tons of ore overthe next five years. During the current year, Sands mined 350,000 tons of ore. The entry to record thedepletion would includeCalCULATE :@ DEPLETION RATE PER TON?. b)_ DEPLETION EXPENSE FOR CURRENT YEAR: