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A company purchased a tract of land for its natural resources at a cost of $1,500,000. It expects to mine 2,700,000 tons of ore from this land. The salvage value of the land is expected to be $210,000. The depletion expense per ton of ore is: A. $0.633 B. $1.799 C. $2.092 D. $0.556 E. $0.478

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