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A&Z incurred $437,500 of capitalized costs to develop a uranium mine. The corporations geologists estimated...

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Accounting

A&Z incurred $437,500 of capitalized costs to develop a uranium mine. The corporations geologists estimated that the mine would produce 875,000 tons of ore. During the year, 175,000 tons were extracted and sold. A&Zs gross revenues from the sales totaled $560,000, and its operating expenses for the mine were $168,000. Calculate A&Zs depletion deduction.

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