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Estimated Depletion for 2008 $9,195,000 X 0.07 (472,500/6,750,000) Depletion Expense for 2008 $ 643,650 Depreciation of Removable Equipment Cost $189,000 Salvage Value (9,000) Depreciable base $180,000 Annual Depreciation using SL ($180,000/15) $ 12,000 Depreciation Expense for 2008 … ................
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