Spring Creek Mines Purchased a Vein of Mineral Ore for $3,260,000

question 99

Multiple Choice

Spring Creek Mines purchased a vein of mineral ore for $3,260,000. It is estimated that 20,000,000 tons of ore are available to be extracted. The estimated depletion expense for this year's extraction of 1,770,000 tons of ore is: (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)

• A)$318,600.
• B)$3,260,000.
• C)$1,770,000.
• D)$283,200.

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