In 2013,Minneapolis Mining purchased a mineral deposit for $12,000,000.It is estimated that 15,000,000 tons can be extracted from the mine.Calculate depletion expense during 2013 when 700,000 tons were extracted and sold.

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The Answer of In 2013,Minneapolis Mining purchased a mineral deposit for $12,000,000.It is estimated that 15,000,000 tons can be extracted from the mine.Calculate depletion expense during 2013 when 700,000 tons were extracted and sold.

In 2013,Minneapolis Mining Purchased a Mineral Deposit for $12,000,000