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A company purchased mining property that containing 15,000,000 tons of ore for $4,875,000.In 2009,the company mined and sold 789,000 tons of ore and in 2010,it mined and sold 1,235,000.Calculate the depletion expense for 2009 and 2010.
Sonic Products
Sonic products involve items or technologies that use sound waves to function, such as ultrasonic cleaning devices or sonic toothbrushes.
License
A license grants permission by one party to another to use property or engage in a particular activity, without transferring ownership.
Personal Liability
An individual's legal responsibility to satisfy a debt or legal obligation from personal assets.
Business Debts
Business debts are financial obligations that a business owes to creditors, which can arise from borrowing money, purchasing goods or services, or other business activities.
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