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COGNITIVE ASSESSMENT What are the four steps in the machine cycle?
Salvage Value
Salvage value is the estimated residual value of an asset at the end of its useful life, assuming there is still value left after its primary use is over.
Ore Sold
The total volume or revenue generated from selling mined materials before they are refined or processed.
Depletion
The allocation of the cost of natural resources over their useful lives in a manner similar to depreciation of physical assets.
Uniform Grade
A standardization in the quality or level of a product, making it consistent across different units or batches.
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