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Juarez Mining Purchased a Vein of Coal Ore for $3,500,000

Question 57

Multiple Choice

Juarez Mining purchased a vein of coal ore for $3,500,000.It is estimated that 25,000,000 tons of ore are available to be extracted.The estimated depletion rate for each ton of ore (rounded to the nearest cent) is:


A) $0.13.
B) $0.14.
C) $0.15.
D) $1.40.

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