O'Reilly Corp

question 148

Multiple Choice

O'Reilly Corp.purchased a mine on January 1,2016,for $539,000.The mine is estimated to contain 38,000 tons of iron ore.There is no residual value.The business extracted and sold 14,500 tons of ore in 2016 and 14,800 tons of ore in 2017.What is the book value of the mine at the end of 2017? (Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar. )

• A)$463,000
• B)$123,526
• C)$377,300
• D)$539,000

Know how to navigate and customize the Outlook calendar for personal scheduling.

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Grasp the systematic comparison process in policy advocacy.

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Definitions:

Lester Pearson

A former Canadian Prime Minister known for his contributions to international peacekeeping and the implementation of significant social welfare policies in Canada.

Democracy

In a democracy, citizens exercise a high degree of control over the state. They do this mainly by choosing representatives in regular, competitive elections.

Economic Development

The process of improving the economic, political, and social well-being of a community or country, often through industrial, technological, or infrastructural growth.

Modernization Theory

A theory that explains the process of transformation from a traditional, rural, agrarian society to a secular, urban, industrial society.