On March 25, Parscale Company purchases the rights to a mineral interest for $9,041,500. At...
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Accounting
On March 25, Parscale Company purchases the rights to a mineral interest for $9,041,500. At that time, the remaining recoverable units in the mineral interest are estimated to be 853,400 tons. If required, round any division to two decimal places and use in subsequent computations. Round your final answer to the nearest dollar. If 768,060 tons are mined and 128,010 tons are sold this year, calculate Parscale's cost depletion for the year. $fill in the blank 1
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