Multiple Choice
A coal mine was purchased for $400 000. Estimated production is 20 000 000 tons of coal after which the mine will be sold for $40 000. During a recent year 6 500 000 tons of coal were produced and sold. Amortisation for the year would be:
A) $117 000.
B) $130 000.
C) $143 000.
D) $150 000.
Correct Answer:
Verified
Correct Answer:
Verified
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