Navajo Mining Company Purchased a Mine in 2013 for $3,400,000

question 61

Multiple Choice

Navajo Mining Company purchased a mine in 2013 for $3,400,000.It was estimated that the mine contained 200,000 tons of ore and that the mine would be worthless after all of the ore was extracted.The company extracted 25,000 tons of ore in 2013 and 30,000 tons of ore in 2014. What is the book value of the mine at the end of 2014?

• A) $2,975,000
• B) $2,720,000
• C) $3,060,000
• D) $2,465,000

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Definitions:

Chromosomal Abnormalities

Variations in the number or structure of chromosomes in an individual's cells, often leading to developmental or health issues.

Gender Dysphoria

A condition where there is a conflict between an individual's physical or assigned sex and the gender with which they identify, causing distress.

Sex Changes

Medical procedures that change a person's physical sex characteristics to match their gender identity.

Prenatal Hormones

Hormones present in the womb that play a significant role in the development of physical and behavioral characteristics of the fetus.