Business, 13.11.2019 00:31, Nelly745

Santa fe purchased the rights to extract turquoise on a tract of land over a five-year period. santa fe paid $300,000 for extraction rights. a geologist estimated that santa fe will recover 5,000 pounds of turquoise. during the past several years, 4,000 pounds were extracted. during the current year, santa fe extracted 1,500 pounds of turquoise, which it sold for $250,000. what is santa fe's cost depletion expense for the current year?

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Santa fe purchased the rights to extract turquoise on a tract of land over a five-year period. santa...