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  • 14-02-2024
  • Business
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Colorado mining paid $585,000 to acquire a mine with 45,000 tons of coal reserves. the financial statements model shown on the last tab reflects colorado minings financial condition just prior to purchasing the coal reserves. the company extracted 23,625 tons of coal in year 1 and 20,250 tons in year 2. required
compute the depletion charge per unit.

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