Question: Mining Expedition Company purchased a coal mine on January 1
Mining Expedition Company purchased a coal mine on January 1, 2010, for $8,400,000 and expects the mine to produce 3,500,000 pounds of coal over its useful life. In 2010, 1,100,000 pounds of coal were recovered. In 2011, 900,000 pounds of coal were recovered. What is the depletion for each of these years?
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