Multiple Choice
Aspen Ore purchased a vein of coal ore for $5,250,000.It is estimated that 30,000,000 tons of ore are available to be extracted.The estimated depletion expense for this year's extraction of 2,750,000 tons of ore (rounded to the nearest dollar) is:
A) $525,000.
B) $504,167.
C) $481,250.
D) $458,333.
Correct Answer:
Verified
Correct Answer:
Verified
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