A Company Purchased Land for Its Natural Resources at a Cost

question 217

Multiple Choice

A company purchased land for its natural resources at a cost of $1,500,000.It expects to mine 2,000,000 tons of ore from this land.The residual value of the land is estimated to be $250,000.What is the amount of depletion per ton of ore?

• A)$0.75
• B)$0.875
• C)$1.14
• D)$0.625

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Definitions:

Extroversion

is a personality trait characterized by outgoing, energetic behavior, where individuals enjoy being with people, participating in social gatherings, and are often perceived as enthusiastic and talkative.

High Agreeableness

A personality trait characterized by kindness, empathy, and a cooperative spirit.

High Neuroticism

A personality trait characterized by emotional instability, anxiety, moodiness, irritability, and sadness.

External Locus

An individual’s belief that their life events and outcomes are largely beyond their control and depend on external factors or forces.