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A company purchased mining property that containing 15,000,000 tons of ore for $4,875,000.In 2012,the company mined and sold 789,000 tons of ore and in 2013,it mined and sold 1,235,000.Calculate the depletion expense for 2012 and 2013.
Goods Imports
The act of bringing in goods and services from a foreign country for trade or sale within a domestic market.
Net Investment Income
The profit from investments after deducting all related expenses, such as interest payments and fees.
Purchases of Assets
The acquisition of assets, such as property, equipment, or securities, by a company or individual as investments or for production purposes.
Inflows of Money
The movement of cash or cash equivalents into a place, organization, or financial instrument.
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