A Mine Is Purchased for $4,000,000

question 49

Multiple Choice

A mine is purchased for $4,000,000.There will be a salvage value of $300,000 when the land is restored after mining is completed.The mine has an estimated 250,000 tons of coal.What is the depletable cost per ton of coal?

• A) $13.33
• B) $16.00
• C) $14.80
• D) Cannot be determined from given information

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