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33. At January 1, 2008, the marketable securities portfolio held by ABC Corporation consisted of the following investments: 1. 2,500 shares of BBB common stock

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33. At January 1, 2008, the marketable securities portfolio held by ABC Corporation consisted of the following investments: 1. 2,500 shares of BBB common stock purchased for $42 per share. 2. 1,500 shares of BCB common stock purchased for $60 per share. At December 31, 2008, the market values per share were: BBB $36 and BCB $66. The fair value adjustment at December 31, 2008 included: (3 Points) Debit: Marketable Securities, $6,000; Credit: Unrealized Holding Loss on Investment, $6,000 Debit: Marketable Securities, $6,000; Credit: Unrealized Holding Gain on Investment, $6,000 Debit: Unrealized Holding Loss on Investment, $3,500; Credit: Marketable Securities, $3,500 Debit: Unrealized Holding Loss on Investment, $6,000; Credit: Marketable Securities, $6,000 34. ABC Company purchased a mine in 2017 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 2017 and 30,000 tons of ore in 2018. 1 2017, ABC Company sold 22,000 tons of ore. In 2018, the company sold 15,000 tons of ore. What is book value of the mine at December 31, 2018?* (3 Points) $2,456,500 $2,920,000 O $3,060,000 $2.465,000

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