Multiple Choice
A mine is purchased for $4,000,000.There will be a salvage value of $300,000 when the land is restored after mining is completed.The mine has an estimated 250,000 tons of coal.What is the depletable cost per ton of coal?
A) $13.33
B) $16.00
C) $14.80
D) Cannot be determined from given information
Correct Answer:
Verified
Correct Answer:
Verified
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