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Question: a coal mine in alaska cost 1000000 and is estimated...

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A coal mine in Alaska cost $1,000,000 and is estimated to hold 10,000 tons of coal. There is no residual value. 2,000 tons are extracted and sold during the first year of operations. Calculate depletion expense for the first year.

$100,000

$150,000

$200,000

$20,000

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