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Answer this with solution 5. A natural resources property was purchased by Nge Wang Company for 6,000,000. The output was estimated to be 1,500,000 tons.

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5. A natural resources property was purchased by Nge Wang Company for 6,000,000. The output was estimated to be 1,500,000 tons. Nge Wang Company purchased a mining equipment at a cost of 8,000,000 and has a useful life of 10 years but is capable of exhausting the resource in8 years. Production is as follows: 1st Year 150,000 tons 2nd Year 225,000 tons 3rd Year None 4th Year 225,000 tons What is the carrying amount of the mining equipment at the end of four years? a. 4,800,000 c. 4,200,000 b. 4,000,000 d. 4,500,000

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