Multiple Choice
A company purchased land for its natural resources at a cost of $1,500,000.It expects to mine 2,000,000 tons of ore from this land.The residual value of the land is estimated to be $250,000.What is the amount of depletion per ton of ore?
A) $0.75
B) $0.875
C) $1.14
D) $0.625
Correct Answer:
Verified
Correct Answer:
Verified
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