Question: On March 3 1 , 2 0 2 4 , a company purchased the right to remove gravel from an old rock guatry. The gravel
On March a company purchased the right to remove gravel from an old rock guatry. The gravel is to be sold as roadbed for highwivy construction. The cost of the quarry rights was $ with estimaned salabile nock of sons. During the company losied and sold tons of rock. On January L the company estimated that tons shil remained. During the company loaded and sold tons. The company uses the unitsofproduction method.
The company would record depletion in in the amount of:
Multiple Choice
$
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