A company owns gold mining operations in the United States, Australia, and South Africa. The Colorado mine has the taxable income and sales results summarized below. Determine the annual percentage depletion amount for the goldmine.

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Average Sales Price, Taxable Sales, Ouncper Ounce Year Income 1,500,000 2,000,000 800,000 1800 5500 2300 1115 1221 1246