On April 1, 2019, Leon Company Purchased a Copper Mine

Multiple Choice

On April 1, 2019, Leon Company purchased a copper mine at a cost of $84,000,000. The mine was estimated to contain 4,000,000 tons of ore and to have a residual value of $24,000,000 after mining operations are completed. During the year, 750,000 tons of ore were removed from the mine.
On December 31, 2019, the book value of the mine is:

A) $90,000,000
B) $72,750,000
C) $52,500,000
D) $48,750,000