In 2013,Pauley Company Paid $1,000,000 to Purchase Land Containing a Total

question 33

Multiple Choice

In 2013,Pauley Company paid $1,000,000 to purchase land containing a total estimated 160,000 tons of extractable mineral deposits.The estimated value of the property after the mineral has been removed is $200,000.Extraction activities began in 2014,and by the end of the year,20,000 tons had been recovered and sold.In 2015,geological studies indicated that the total amount of mineral deposits had been underestimated by 25,000 tons.During 2015,30,000 tons were extracted,and 28,000 tons were sold.What is the depletion rate per ton (rounded to the nearest cent) in 2015?

• A) $4.24
• B) $4.32
• C) $4.85
• D) $5.19

---

Definitions:

Relatedness Needs

The human need to form and maintain strong, stable interpersonal relationships.

Social Needs

Human requirements for companionship, belonging, and acceptance within society or specific social groups.

Maslow's Hierarchy

A psychological theory proposed by Abraham Maslow, which presents a hierarchy of human needs in the form of a pyramid, starting from basic physiological needs to the need for self-actualization.

ERG Theory

A motivational theory developed by Clayton Alderfer that categorizes human needs into existence, relatedness, and growth needs.