Question: A mine purchased for $ 2 . 5 M has a total expected yield of one million ounces of silver ( 1 5 % )

A mine purchased for $2.5 M has a total expected yield of one million ounces of silver (15%). Determine the depletion charge in year 4 when 300,000 ounces are mined and sold for a GI of $12 per ounce, using cost depletion?

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