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Caldwell Mining Co acquired mineral rights for 127500000 The mineral deposit is estimated at 425000000 tons During the current year 42000000 tons were mined and sold a Determine the

Caldwell Mining Co. acquired mineral rights for $127,500,000. The mineral deposit is estimated at 425,000,000 tons. During the current year, 42,000,000 tons were mined and sold.

Determine the depletion rate.

May 04 2021 View more View Less

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