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:

Somatoform Disorders

A group of psychological disorders in which patients experience physical symptoms that are inconsistent with or cannot be fully explained by any underlying medical or neurological condition.

Psychodynamic View

A psychological perspective that emphasizes unconscious processes and childhood experiences in shaping personality and behavior.

Unconscious Desire

Wishes or wants that a person is not fully aware of but that influence their emotions and behavior, a concept frequently explored in psychoanalytic theory.

Dissociative Disorders

A collection of psychological conditions marked by a disruption and inconsistency in cognitions, recollections, environment, behaviours, and self-perception.