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

---

Definitions:

Renal Pelvis

The central part of the kidney where urine collects before moving into the ureter and then the bladder.

Peritoneal Membrane

A thin, delicate membrane that lines the interior of the abdominal cavity and covers the surfaces of abdominal organs.

Abdominal Cavity

A large body cavity in humans that houses many vital organs including the stomach, liver, and intestines, and is bounded primarily by the abdominal muscles and the spine.

Thoracic Cavity

The chamber of the human body located between the neck and the diaphragm, housing the heart, lungs, and other structures.