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On January 1, 2011, Lakeside Enterprises purchased natural resources for $1,800,000.The company expects the resources to produce 12,000,000 units of product.(1) What is the depletion cost per unit? (2) If the company mined and sold 20,000 units in January, what is depletion expense for the month?

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The Answer of 258
On January 1, 2011, Lakeside Enterprises purchased natural resources for $1,800,000.The company expects the resources to produce 12,000,000 units of product.(1) What is the depletion cost per unit? (2) If the company mined and sold 20,000 units in January, what is depletion expense for the month?

258 on January 1, 2011, Lakeside Enterprises Purchased Natural Resources for for $1,800,000.The