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Business, 22.11.2019 05:31 darthshot4
Dorn purchased the rights to extract turquoise on a tract of land over a five year period. dorn paid $200,000 for extraction rights. a geologist estimates that dorn will recover 10,000 pounds of turquoise. during the current year, dorn extracted 2,500 pounds of turquoise, which it sold for $150,000. what is dorn’s cost depletion expense for the current year?
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Dorn purchased the rights to extract turquoise on a tract of land over a five year period. dorn paid...
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