To develop an oil well containing 2,000,000 barrels of oil required an initial investment of PhP 30,000,000.00. In a certain year, 400,000 barrels of oil were produced from this well. Determine the depletion charge during the year.
To develop an oil well containing 2,000,000 barrels of oil required an initial investment of PhP 30,000,000.00. In a certain year, 400,000 barrels of oil were produced from this well. Determine the depletion charge during the year.
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