Multiple Choice
Spring Creek Mines purchased a vein of mineral ore for $3,260,000. It is estimated that 20,000,000 tons of ore are available to be extracted. The estimated depletion expense for this year's extraction of 1,770,000 tons of ore is: (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)
A) $318,600.
B) $3,260,000.
C) $1,770,000.
D) $283,200.
Correct Answer:
Verified
Correct Answer:
Verified
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