During 2025, PAAST Corporation acquired a mineral mine for $…

During 2025, PAAST Corporation acquired a mineral mine for $4,000,000 of which $400,000 was ascribed to land value after the mineral has been removed. Geological surveys have indicated that 10 million units of the mineral could be extracted. During 2025, 1,500,000 units were extracted and 1,250,000 units were sold. What is the amount of depletion expensed for 2025?

Exhibit 3-11 Units of Good X Maximum Buying Price Minimum…

Exhibit 3-11 Units of Good X Maximum Buying Price Minimum Selling Price Result 1st $12 $6 (A) 2nd 11 7 (B) 3rd 10 8 (C) 4th 9 9 (D) 5th 8 10 (E) 6th 7 11 (F) Refer to Exhibit 3-11.  Fill in blanks (A) and (B) respectively with “Exchange” or “No Exchange” to indicate whether or not exchange would take place at the given prices.